Bitcoin closes week above 50-week moving average for first time in 44 weeks
- —Bitcoin's weekly close was $81,159, above the 50-week moving average
- —It had closed below that average for 44 straight weeks
- —Wintermute sees $82,500 as the key level to confirm the breakout
- —A weekly close back below $82,500 would cast doubt on the move
Why it matters: Holding the 50-week average and the $82,500 level will determine whether the altcoin rally continues or the market stalls.
Source: TokenPost
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