TREE NEWS reports: Galaxy research head Alex Thorn said bitcoin’s move above its 50-week moving average has historically been a key signal that a bear market low has formed. If BTC closes the week above that level on Sunday, it would further confirm the trend, Thorn wrote on X. He said bitcoin’s current momentum looks “real” and its price action is strong.
BTC Break Above 50-Week Moving Average May Signal Bear Market Bottom: Galaxy’s Alex Thorn
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AI take
Thorn's read leans on a single technical marker, so its weight rests on whether the weekly close confirms it rather than on the intraday move. That distinction matters most for traders who treat the 50-week average as a regime line between downtrend and recovery, since a failed close would undercut the signal. Whether the momentum he describes persists past Sunday's close is the open question, and the historical pattern he cites offers no guarantee this time.
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