🚨 BREAKING: Bitcoin is testing its 50-week moving average — trading near $76,000, just 0.6% above the $75,580 line traders watch as the long-term trend signal.
Bitcoin fell 5.5% on Thursday, from about $80,100 to $75,700, its biggest single-day loss since June. It has closed above the 50-week average for seven straight weeks — Sunday's weekly close on Nov 8 decides whether the streak reaches eight. Galaxy's Alex Thorn notes that in four of the last five completed bear markets, the first break of this average marked the bottom.
Full story on zimbuck.com
#Bitcoin #BTC #Crypto #CryptoNews #BitcoinPrice #Trading #Investing
Bitcoin fell 5.5% on Thursday, from about $80,100 to $75,700, its biggest single-day loss since June. It has closed above the 50-week average for seven straight weeks — Sunday's weekly close on Nov 8 decides whether the streak reaches eight. Galaxy's Alex Thorn notes that in four of the last five completed bear markets, the first break of this average marked the bottom.
Full story on zimbuck.com
#Bitcoin #BTC #Crypto #CryptoNews #BitcoinPrice #Trading #Investing
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