🚨 First time in 45 weeks! Bitcoin’s weekly chart reclaims the 50-week moving average—has the bottom of the bear market been confirmed?
Analysts dig up historical patterns: in 4 out of the past 5 bear markets, prices did not make new lows again—but this time there’s a prerequisite.
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Bitcoin is up 2.5% over the past 24 hours, reclaiming $84,000, the first time since January 30. 🔥 Even more importantly, as of the week ending September 20, Bitcoin’s weekly closing price has moved back above the 50-week moving average. The last time was about 45 weeks ago.
Why does one weekly moving average draw so much attention? Because it’s often used to gauge Bitcoin’s long-term trend direction—and many people view it as the dividing line between bull and bear markets.
📊 Galaxy Digital research head Alex Thorn noted on X that Bitcoin has gained about 29% in the past 35 days. A weekly close above the 50-week moving average is happening for the first time since 45 weeks ago. His data shows that the week closed at roughly $81,000, with the 50-week moving average around $78,800. Galaxy’s early-September research found that in 4 of the 5 completed bear markets, after Bitcoin’s first breakout above the 50-week moving average, it did not set new lows again; 2021 was the only exception.
Meanwhile, Ethereum is up 5.5%, also reclaiming $2,700 for the first time since late January.
💡 The real thing to watch isn’t just the moving average—it’s who is buying behind it. The high-level supply that has been trapped for the past 45 weeks finally gives way to capital willing to accumulate at higher levels. That’s where the structure is changing.
⚠️ But a moving average isn’t a guarantee. Thorn also cautioned that for this signal to hold, you need to see whether the coming weeks can keep the 50-week moving average as support. If it can’t hold, the breakout could turn into a false move.
One side says the bear market bottom is already confirmed. The other says it’s just a bounce. Which side are you on? Let’s discuss in the comments👇
Click the avatar to watch the live stream + join the Jiujiu chat group to get daily strategies 🚀
#比特币突破8.5万美元 #以太坊突破2700美元 #BTC
Analysts dig up historical patterns: in 4 out of the past 5 bear markets, prices did not make new lows again—but this time there’s a prerequisite.
Group: 点击进入玖玖的粉丝群
Bitcoin is up 2.5% over the past 24 hours, reclaiming $84,000, the first time since January 30. 🔥 Even more importantly, as of the week ending September 20, Bitcoin’s weekly closing price has moved back above the 50-week moving average. The last time was about 45 weeks ago.
Why does one weekly moving average draw so much attention? Because it’s often used to gauge Bitcoin’s long-term trend direction—and many people view it as the dividing line between bull and bear markets.
📊 Galaxy Digital research head Alex Thorn noted on X that Bitcoin has gained about 29% in the past 35 days. A weekly close above the 50-week moving average is happening for the first time since 45 weeks ago. His data shows that the week closed at roughly $81,000, with the 50-week moving average around $78,800. Galaxy’s early-September research found that in 4 of the 5 completed bear markets, after Bitcoin’s first breakout above the 50-week moving average, it did not set new lows again; 2021 was the only exception.
Meanwhile, Ethereum is up 5.5%, also reclaiming $2,700 for the first time since late January.
💡 The real thing to watch isn’t just the moving average—it’s who is buying behind it. The high-level supply that has been trapped for the past 45 weeks finally gives way to capital willing to accumulate at higher levels. That’s where the structure is changing.
⚠️ But a moving average isn’t a guarantee. Thorn also cautioned that for this signal to hold, you need to see whether the coming weeks can keep the 50-week moving average as support. If it can’t hold, the breakout could turn into a false move.
One side says the bear market bottom is already confirmed. The other says it’s just a bounce. Which side are you on? Let’s discuss in the comments👇
Click the avatar to watch the live stream + join the Jiujiu chat group to get daily strategies 🚀
#比特币突破8.5万美元 #以太坊突破2700美元 #BTC
