PlanB: bitcoin reclaims 50-week moving average, target $89,000
- —Bitcoin closed above its 50-week moving average around $79,000
- —PlanB named the 100-week moving average at $89,000 as the next target
- —The share of BTC in profit rose from 50% to 72%
- —RSI climbed from 41 to 51, with the August close at $78,571
Why it matters: Holding a weekly close above the 50-week moving average is seen as a signal that the medium-term trend has turned bullish.
Source: TokenPost