$BTC BULLISH OR FAKEOUT? ๐ง
๐ Bitcoin has closed above its 50 week MA for the first time in nearly 10 months.
Galaxy Researchโs historical data since 2011 shows that most 50W MA reclaims were not followed by a new cycle low.
๐ข Bull Case if $BTC holds the 50W MA and builds momentum.
BUT if $BTC loses the level and the breakout fails.
โ ๏ธ History provides context, not certainty.
Are we witnessing a major bottom or just another temporary recovery?
what do you think about it ๐ซตโ
๐ Bitcoin has closed above its 50 week MA for the first time in nearly 10 months.
Galaxy Researchโs historical data since 2011 shows that most 50W MA reclaims were not followed by a new cycle low.
๐ข Bull Case if $BTC holds the 50W MA and builds momentum.
BUT if $BTC loses the level and the breakout fails.
โ ๏ธ History provides context, not certainty.
Are we witnessing a major bottom or just another temporary recovery?
what do you think about it ๐ซตโ