Galaxy: BTC closes week above 50-week average for first time in 45 weeks
- —BTC closed a week above its 50-week average for the first time in 45 weeks
- —Bitcoin has gained 29% over 35 days
- —Galaxy sees the return above the average as confirmation of a bear market bottom
Why it matters: The signal is seen as confirmation of a trend reversal, which could boost institutional demand for BTC.
Source: PANews