Alex Thorn: 50-Week Signal Says Bitcoin’s Bottom is In
Galaxy analyst Alex Thorn argues that Bitcoin has reached its bottom, citing a reclaim of the 50-week moving average and steady holding around $80,000. He describes staying long as a contrarian position at this stage. Since publication, BTC has moved down 0.3%.
Source: Bitcoin Magazine · Written by Blockdeck from public reports and live market datamarket_reactionBTC/USD around the story−0.24% since the news
Price at the news$77,363.60
First hour after−0.14%
Since the news−0.24%
Volume that hour1.0× normal
Headline and excerpt credited to Bitcoin Magazine. Prices on this page are live, not from the time of the story. Not financial advice.