Galaxy's Alex Thorn: Bitcoin Ends 45-Week Drought Above 50-Week Average
Market / Price
Bitcoin closed the week above its 50-week moving average for the first time in 45 weeks, according to Galaxy's Alex Thorn. In four of the five completed bear markets, reclaiming that level confirmed the cycle floor was “established,” though the 2021–2022 cycle saw two failed crossovers.
BTC
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