Ki Young Ju: Bitcoin reclaims 365-day moving average above $83K
- —BTC reclaimed its 365-day moving average near $83,000 and trades above $84,000
- —The level is watched as a signal of whether the bear market has ended
- —Holding it could bring in trend-following and institutional buying
Why it matters: Reclaiming the long-term average is a trend-shift signal that could accelerate capital inflows into BTC.
Source: Bloomingbit