Galaxy Says Bitcoin Needs $82,470 Reclaim to Confirm Bear-Market End
Bitcoin’s current 50-week moving average, which lies near $82,470, has become a closely watched level for traders assessing whether the current bear market has ended. Historical data from Galaxy Research suggests a weekly reclaim has been far more reliable than shorter-term signals. Galaxy Finds 11 of 13 Bitcoin 50-Week Reclaims Held After Bear Markets Bitcoin […]
Key Takeaways
- Bitcoin’s current 50-week moving average, which lies near $82,470, has become a closely watched level for traders assessing whether the current bear market has ended.
- Historical data from Galaxy Research suggests a weekly reclaim has been far more reliable than shorter-term signals.
- Galaxy Finds 11 of 13 Bitcoin 50-Week Reclaims Held After Bear Markets Bitcoin […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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