🔔 Galaxy Head of Research Alex Thorn says that after Bitcoin closed above the 50-week moving average for seven consecutive weeks, it closed below that average this week. Historically, in two similar cases, it did not go on to set a new bear-market weekly closing low.
$BTC The short term may be affected, so don't act impulsively.
Don't focus on just one news item—the trend is what matters. If you agree, comment 1.

#BTC