The recent rise in bitcoin prices provides a technical signal that the market closely watches. On September 22, the price crossed above its 365-day simple moving average, around $80,900. This move comes after 310 days below that line, according to Ryan Horst and Joni Zhuleku, founders of Altcoin Pro. Their study shows that this breakout has been followed by gains over several previous periods, while also noting that this indicator does not guarantee a sustained upward trend.

Bitcoin Article: A historical indicator confirms the market improvement has appeared first on Cointribune.