đ Bitcoin Just Reclaimed a Level It Hadnât Closed Above in 45 Weeks One chart level caught my attention this weekend: $BTC closed the week above its 50-week moving average for the first time in 45 weeks, after recovering above $81K. đWhy does that line matter? Galaxyâs Alex Thorn found that in 4 of the 5 completed Bitcoin bear markets where the 50-week MA was lost, the first weekly reclaim was followed by no new cycle low. The exception was 2021â2022, when Bitcoin reclaimed it briefly and later moved lower again. That exception is important. One weekly candle doesnât suddenly confirm a new bull market, but after months of the 50-week MA acting as resistance, seeing $BTC finally close above it changes the technical picture. đ Now Iâd watch whether the level can turn from resistance into support - and whether Bitcoin can finally clear the $82K area, where the latest advance stalled. Source: CryptoPotato / Galaxy Research Not financial advice. Always DYOR. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#
