Galaxy Research Director: BTC weekly close above the 50-week moving average, the first time in 45 weeks
Galaxy Research Director Alex Thorn posted on X: Bitcoin's weekly close is above the 50-week moving average for the first time in 45 weeks.
Alex Thorn stated that regaining the 50-week moving average has historically been a strong signal confirming bear market lows. Bitcoin has risen 29% in 35 days.
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