Bitcoin breaks through key long-term resistance.
BTC’s weekly close this week is the first time in 45 weeks that it has moved above the 50-week moving average. The current price is about $81,000, with the 50-week moving average range at $78,100–$78,800.
Alex Thorn of Galaxy Research noted that historically, when BTC has reclaimed this level, it often corresponds to the bottom of a bear market.
Of 13 historical bear-market cycles in which BTC regained the 50-week moving average, only 2 times did it subsequently set a lower low again.
Currently, BTC is also holding above the 200-week moving average, which has been an important long-term support during past major bear markets.
Next, the key point to watch is whether BTC can continue to close weekly above the 50-week moving average, confirming that the market has entered its next phase.
Risk warning: This is only a replay of market data, and does not constitute any investment advice
#BTC走势分析 $BTC #以太坊突破2700美元
BTC’s weekly close this week is the first time in 45 weeks that it has moved above the 50-week moving average. The current price is about $81,000, with the 50-week moving average range at $78,100–$78,800.
Alex Thorn of Galaxy Research noted that historically, when BTC has reclaimed this level, it often corresponds to the bottom of a bear market.
Of 13 historical bear-market cycles in which BTC regained the 50-week moving average, only 2 times did it subsequently set a lower low again.
Currently, BTC is also holding above the 200-week moving average, which has been an important long-term support during past major bear markets.
Next, the key point to watch is whether BTC can continue to close weekly above the 50-week moving average, confirming that the market has entered its next phase.
Risk warning: This is only a replay of market data, and does not constitute any investment advice
#BTC走势分析 $BTC #以太坊突破2700美元
