
Bitcoin reclaims 50-week moving average, but analysts urge caution
- —The 50-week average sits near $78,800, with resistance at $82,000–85,000
- —A break above $85,000 opens the way to $88,000–90,000; a drop below $78,000 risks $74,000–76,000
- —US spot bitcoin ETFs ended the week with about $6.2 million in net inflows versus $462.7 million in outflows a week earlier
- —US spot ether ETFs lost roughly $140 million last week, ending a four-week inflow streak
Why it matters: Reclaiming the 50-week average is the first technical sign of a trend shift, but without sustained ETF inflows the rally may prove short-lived.
Source: Cryptocurrency.tech