Bitcoin Weekly Close Above 50-Week Moving Average Signals Potential Bullish Shift

Bitcoin has closed a weekly candle above its 50-week simple moving average for the first time in the current cycle. Analyst Sean Hagan suggests an 80% probability that this indicates a genuine regime change, noting that the indicator has historically distinguished between bull and bear markets. With Bitcoin rising nearly 10% this week to surpass $86,000, the movement aligns with the typical one-year timeframe from all-time high to cycle bottom.