Bitcoin Reclaims 50-Week Moving Average for First Time in Over 10 Months
- —Bitcoin reclaimed its 50-week moving average for the first time in over 10 months
- —Key resistance sits in the $64,000–65,000 range
- —Institutional interest is rising, boosting market confidence
- —Risks include regulatory pressure and market volatility
Why it matters: Reclaiming the 50-week average has historically marked trend reversals, but a break above $65,000 is needed to confirm.
Source: Coinfomania