BTC just closed above the 50-week MA for the first time in 45 weeks.
Galaxy’s stat: 11 of 13 times this happened in a completed bear, there was no new low. That’s the “84% of bears ended here” claim.
Real signal. Not a $90k guarantee.
The two misses were Dec 2021 and Mar 2022. One weekly close can still fail. The useful version is: it holds and starts acting as support.
Mid-$80ks now. $90k is the next magnet if this sticks. Sharp rejection and the 2021–22 analog is back.
Watch whether price stays above the average. That’s the actual tell.
Galaxy’s stat: 11 of 13 times this happened in a completed bear, there was no new low. That’s the “84% of bears ended here” claim.
Real signal. Not a $90k guarantee.
The two misses were Dec 2021 and Mar 2022. One weekly close can still fail. The useful version is: it holds and starts acting as support.
Mid-$80ks now. $90k is the next magnet if this sticks. Sharp rejection and the 2021–22 analog is back.
Watch whether price stays above the average. That’s the actual tell.