🔥 Now: Bitcoin’s weekly price closes above its 50-week moving average for the first time in 45 weeks, a striking technical sign that may reflect an important shift in the market’s path. According to Alex Thorne, head of research at “Galaxy,” this development has historically been linked to the stages where the bear market begins to reach its lowest levels, before buyers gradually regain control. However, the signal doesn’t necessarily mean that selling pressure is over or that a confirmed bull wave has begun, as the price remains vulnerable to volatility and pullbacks. Investors are now watching to see whether Bitcoin can sustain trading above this average over the coming weeks, alongside monitoring trading volumes, liquidity, and institutional flows, to confirm whether this move is a true bottom or just a temporary rebound.
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