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Galaxy Digital Analyst Cites 50-Week Indicator as Bitcoin Bottom Signal
(3 hours ago) · 1 source · Summarized by CryptoBipto
Alex Thorn, an analyst at Galaxy Digital, has pointed to a 50-week technical signal as evidence that Bitcoin has reached its price floor. The claim is based on a technical analysis framework and has not been independently verified.
WHY IT MATTERS
A moving average is a tool that takes the average price of an asset over a set period — in this case, 50 weeks — to help smooth out day-to-day price swings and show the broader trend.
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SOURCES
- bitcoinmagazine.com
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