Glassnode: Bitcoin's 30-day average crosses above 50-week average for first time since 2023
- —Bitcoin's 30-day MA crossed above its 50-week MA for the first time since 2023
- —Schultze-Kraft called the crossover a bull-market confirmation signal
- —The technical signal points to strengthening short-term momentum
- —The signal alone does not guarantee further price gains
Why it matters: The signal comes as Bitcoin trades near $87,000 and could reinforce bullish expectations among traders.
Source: Uzmancoin