Bitcoin Holds Above 50-Week Average for Six Straight Weeks
Photo: TokenPost
Bitcoin (BTC) remained above its 50-week moving average for six straight weeks and stood 5% above the indicator, a stretch BMTV analyst Sean Hagan views as evidence of an early bull market. The six-week mark extends an earlier five-week run above the same measure through Oct. 18 . Hagan said in a video posted Tuesday, “It is our belief that this is evidence that we are in the early innings of a bull market.” Bitcoin traded at $80,561, up 0.83% over 24 hours, as of 19:37 UTC (3:37 p.m. ET). Enna Lee reports on investing and digital-asset markets for TokenPost.
Source: TokenPost
