👉#NEW Bitcoin just gave a signal worth watching.
BTC has closed a weekly candle above its 50-week moving average for the first time in 45 weeks.
Historically, Galaxy Research found that 11 of the last 13 similar reclaim signals were not followed by a new low. The two exceptions came in December 2021 and March 2022.
So, is this a sign that the bottom may be in, or could it turn into another trap?
What do you think?
$BTC
BTC has closed a weekly candle above its 50-week moving average for the first time in 45 weeks.
Historically, Galaxy Research found that 11 of the last 13 similar reclaim signals were not followed by a new low. The two exceptions came in December 2021 and March 2022.
So, is this a sign that the bottom may be in, or could it turn into another trap?
What do you think?
$BTC
