Bitcoin’s 7-Week Bottom Signal Just Broke. Here Is What Happened the Last 2 Cycles
Bitcoin (BTC) closed the week ending November 8 at $74,968, 0.7% below its 50-week moving average. That ended a 7-week run above a line whose reclaim Galaxy’s Alex Thorn had tied to past bear market bottoms. For Bitcoin holders, attention now shifts to the June 28 weekly close of $59,517, the cycle’s lowest. Twice before, The post Bitcoin’s 7-Week Bottom Signal Just Broke. Here Is What Happened the Last 2 Cycles appeared first on BeInCrypto.
Key Takeaways
- Bitcoin (BTC) closed the week ending November 8 at $74,968, 0.7% below its 50-week moving average.
- That ended a 7-week run above a line whose reclaim Galaxy’s Alex Thorn had tied to past bear market bottoms.
- For Bitcoin holders, attention now shifts to the June 28 weekly close of $59,517, the cycle’s lowest.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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