All Time Low
Bitcoin's 7-Week Bottom Signal Just Broke
Bitcoin (BTC) closed the week ending November 8 at $74,968, 0.7% below its 50-week moving average. This ended a 7-week run above a line whose reclaim Galaxy's Alex Thorn had tied to past bear market bottoms. Bitcoin holders now focus on the June 28 weekly close of $59,517, the last 2 cycles' signal of a potential market bottom.