Bitcoin Bull Market Signal Emerges Even as BTC Struggles to Break $84K
BTC when published $82,875Now $80,577 ▼ −2.77% since it was published
Bitcoin has closed above its 50-week moving average for four weeks in a row. Analyst Ash Crypto sees that as a sign the bottom is in, yet the average still slopes down, and Bitcoin sits about a third below its all-time high. The weekly chart attached to the post showed BTC near $84,000 against a 50-week average of roughly $77,000, after a low near $58,000 and a strong green weekly candle that carried price back above the line. That average is the mean of the last 50 weekly closes, which is about a year of trading.
First reported by CryptoPotato. This page is a short excerpt; the full text is theirs.
