Bitcoin has maintained its price above the 50-week moving average for approximately five to six weeks, a technical signal that analyst @intangiblecoins says historically precedes the end of bear markets.
In every prior bear market cycle, holding above this key long-term trendline indicated no lower bottom remained. The analyst suggests the current cycle's low was likely set in late June, implying the market may have already passed its trough.
Bitcoin Holds Above 50-Week Moving Average for Five Weeks, Signaling Potential Cycle Bottom
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