$BTC reclaims the weekly MA50. Is the bear market really over?
The price has climbed back above the 50-week moving average. Historically, this level has marked the end of many bear markets. But analysts say one week isn’t enough to confirm it.
I’ll be blunt: reclaiming the weekly MA50 on weak volume is just a convincing bull trap. Do you think this is a real bottom or a rally trap?
Just my personal opinion, not investment advice. DYOR.
The price has climbed back above the 50-week moving average. Historically, this level has marked the end of many bear markets. But analysts say one week isn’t enough to confirm it.
I’ll be blunt: reclaiming the weekly MA50 on weak volume is just a convincing bull trap. Do you think this is a real bottom or a rally trap?
Just my personal opinion, not investment advice. DYOR.