INSIGHT: 📊 Bitcoin just slipped back below its 50-week average, but history may be on the bulls’ side.
Twice before, in 2012 and 2019–20, BTC lost its 50-week average after reclaiming it post-bottom. Neither time did it make a new low, per Galaxy Research. 🟠
$BTC is still 26% above its June low of $59,517. 💪
Twice before, in 2012 and 2019–20, BTC lost its 50-week average after reclaiming it post-bottom. Neither time did it make a new low, per Galaxy Research. 🟠
$BTC is still 26% above its June low of $59,517. 💪
