BITCOIN MAY HAVE JUST FLIPPED THE SCRIPT
Bitcoin’s recovery above the 50-week moving average (MA50) is getting serious attention.
Analyst Doctor Profit says this reclaim could signal that the prolonged bear-market phase is finally over. He argues that the market recently pushed above the weekly MA50 around $78,700, with BTC trading near $80,375 when he posted, making a weekly close above that level possible as long as price holds.
What makes this setup interesting? 👀
Doctor Profit compared the current structure with 2022–2023, when Bitcoin faced repeated rejection around the same moving average before trapping bears and eventually breaking higher.
According to his analysis:
📌 BTC has spent weeks battling resistance
📌 Bears expected another major breakdown
📌 The shakeout failed to create a deeper collapse
📌 Price then reclaimed the weekly MA50
Bitcoin is still trading inside roughly the $71K–$82K range, so the next major test sits around $82,500–$83,000. A sustained breakout above that zone would provide stronger confirmation of upside momentum.
Doctor Profit also pointed to historical data, saying that Bitcoin has reclaimed the weekly MA50 after breaking below it seven times. He claims five of those instances preceded major bull phases, while the two exceptions were 2011 and the 2020 Covid crash.
His broader analysis combines the weekly MA50, weekly MA200, on-chain data and overall market structure, which he currently views as bullish.
🎯 His strategy remains unchanged: hold spot and watch $88K if the remaining resistance gives way.
Still, the key question is simple:
Can BTC hold above $78.7K and finally break $82.5K–$83K? 👀
That’s the zone traders will be watching closely.
$BTC #BTC #bitcoin
Bitcoin’s recovery above the 50-week moving average (MA50) is getting serious attention.
Analyst Doctor Profit says this reclaim could signal that the prolonged bear-market phase is finally over. He argues that the market recently pushed above the weekly MA50 around $78,700, with BTC trading near $80,375 when he posted, making a weekly close above that level possible as long as price holds.
What makes this setup interesting? 👀
Doctor Profit compared the current structure with 2022–2023, when Bitcoin faced repeated rejection around the same moving average before trapping bears and eventually breaking higher.
According to his analysis:
📌 BTC has spent weeks battling resistance
📌 Bears expected another major breakdown
📌 The shakeout failed to create a deeper collapse
📌 Price then reclaimed the weekly MA50
Bitcoin is still trading inside roughly the $71K–$82K range, so the next major test sits around $82,500–$83,000. A sustained breakout above that zone would provide stronger confirmation of upside momentum.
Doctor Profit also pointed to historical data, saying that Bitcoin has reclaimed the weekly MA50 after breaking below it seven times. He claims five of those instances preceded major bull phases, while the two exceptions were 2011 and the 2020 Covid crash.
His broader analysis combines the weekly MA50, weekly MA200, on-chain data and overall market structure, which he currently views as bullish.
🎯 His strategy remains unchanged: hold spot and watch $88K if the remaining resistance gives way.
Still, the key question is simple:
Can BTC hold above $78.7K and finally break $82.5K–$83K? 👀
That’s the zone traders will be watching closely.
$BTC #BTC #bitcoin
