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Bitcoin Bull Market Signal Amid Struggles
Bitcoin has maintained a position above its 50-week moving average for four consecutive weeks, according to analyst Ash Crypto. Despite recent gains, Bitcoin remains approximately 24% lower than its price a year ago. Analysts emphasize the need for sustained ETF inflows and stronger market demand to confirm a new bull market, while cautioning that current price movements may not indicate a definitive breakout. Bitcoin spot ETFs have experienced significant net outflows, indicating weak demand.