Markets· ★★★· bullish·

Bitcoin flashes first bullish 13/34-week EMA crossover in 3.5 years

  • —Bitcoin's 13-week EMA crossed above its 34-week EMA for the first time in 3.5 years
  • —The crossover was flagged on a weekly chart by Raymond James analyst David Cox
  • —The signal was labeled bullish
Why it matters: A weekly-timeframe technical signal could reinforce expectations of a trend reversal in bitcoin.
#BTC
Source: Seeking Alpha Crypto
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