Bitcoin just crossed the line that ended 4 out of 5 bear markets, but one deadly historical trap could still trigger a crash to $62,000
Bitcoin registered an intraday high above $82,000 on Sept. 3, pushing above the 50-week moving average that Galaxy Research says marked the definitive end of four of Bitcoin's five comparable completed bear markets. Galaxy's signal requires a weekly close above that line, and the Sept. 3 push through it happened well before the week's close. […] The post Bitcoin just crossed the line that ended 4 out of 5 bear markets, but one deadly historical trap could still trigger a crash to $62,000 appeared first on CryptoSlate.
Key Takeaways
- Bitcoin registered an intraday high above $82,000 on Sept.
- 3, pushing above the 50-week moving average that Galaxy Research says marked the definitive end of four of Bitcoin's five comparable completed bear markets.
- Galaxy's signal requires a weekly close above that line, and the Sept.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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