Galaxy Research Head: Bitcoin's Rally "Looks Real," Holding Above the 50-Week Moving Average Would Further Confirm the Trend

Odaily: Galaxy Research Head Alex Thorn posted that Bitcoin is currently showing strong momentum, with its price having climbed above the 50-week moving average, and the current rally "looks real." He noted that historically, breaking above the 50-week moving average has been an important signal confirming that a bear market low has formed, and stated that if BTC can close and hold above the 50-week moving average this Sunday, it would further confirm this trend.