TREE NEWS reports: Galaxy research head Alex Thorn said bitcoin’s current rally looks “real” after the price climbed above its 50-week moving average. He noted that breaking that level has historically been a key signal that a bear-market low has formed. A weekly close above the 50-week average on Sunday would further confirm the move, he added.
Bitcoin Rally Looks ‘Real’ After Reclaiming 50-Week Moving Average, Galaxy’s Alex Thorn Says
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AI take
Thorn's argument rests less on price than on a single technical threshold, which is why the weekly close he flags matters more than the intraday move. The 50-week average is one of the few signals that has historically separated durable recoveries from bear-market bounces, so reclaiming it shifts the burden of proof onto the bears. The open question is whether the close confirms or the level gets lost again, which would leave the rally looking like another failed breakout.
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