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Galaxy Research Head: Bitcoin Breaks Above 50-Week Moving Average, Potentially Signaling Bottom Confirmation

BlockBeats news, September 19: Alex Thorn, Head of Research at Galaxy, posted that BTC is currently showing strong momentum, with its price having climbed above the 50-week moving average. Historically, breaking above the 50-week moving average has been a key level confirming that a bear market bottom has formed. If the weekly candle closes above the 50-week moving average this Sunday, it will further confirm this trend.

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Galaxy Research Head: Bitcoin Breaks Above 50-Week Moving Average, Potentially Signaling Bottom Confirmation

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