BTC Clears the 50-Week MA as Spot Demand Follows, Breadth Still Has Room to Expand

  • BTC has now confirmed a breakout above the 50-week MA, a level that has historically served as an important marker for longer-term trend changes. We have the first weekly close above the level plus multiple consecutive daily closes, which I think is enough to treat the breakout as real.
Historical precedent is limited, but constructive. Across the four prior upside breaks we identified since 2015, median f...
  • BTC has now confirmed a breakout above the 50-week MA, a level that has historically served as an important marker for longer-term trend changes. We have the first weekly close above the level plus multiple consecutive daily closes, which I think is enough to treat the breakout as real.
Historical precedent is limited, but constructive. Across the four prior upside breaks we identified since 2015, median f...
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