Bitcoin has closed a weekly candle above its 50-week simple moving average for the first time in this cycle, a significant milestone.
Source
"Bitcoin Bull Market Indicator Flips Bullish" — Bitcoin Magazine
This article is Bitcoincryptos' summary and analysis of reporting originally published by Bitcoin Magazine. Read the full original report at the link above.
Sean Hagan attributes roughly 80% confidence to this being a genuine regime change, marking a potential shift to a bull market.
This development comes as a boost to bulls, who have been waiting for a clear indication of a market upswing.
BTC · 7D · $82,859+1.6%