Bitcoin has closed above its 50-week moving average for four consecutive weeks, a historical signal indicating the bottom is in and a new bull market has started. BTC is trading around $84,000, up 1% in 24 hours and 9% on the month, but down 24% year-over-year. Spot Bitcoin ETFs recorded $681 million in net outflows last week, the highest since late June. Analyst XWIN Japan believes bottom confirmation depends on sustained ETF inflows, stronger US spot buying, and a continued recovery in demand.
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