Bitcoin closed a weekly candle above its 50-week simple moving average for the first time this cycle, with Sean Hagan placing roughly 80% confidence on this being a genuine regime change. This indicator has historically marked the boundary between Bitcoin’s bullish and bearish phases. One additional weekly close would confirm the signal, which has failed only twice in Bitcoin’s history. Bitcoin gained nearly 10% this week to push above $86,000, with the timing aligning almost exactly with the one-year window from all-time high to cycle bottom.
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