Bits + Bips

← Bits + Bips22 Sept · 55 min

Bitcoin Reclaims Its Bear-Market Ceiling. Is the Rally Real?

Bitcoin Reclaims Its Bear-Market Ceiling. Is the Rally Real?22 Sept55 min

Bitcoin closed above its 50-week average for the first time in 45 weeks. Ram calls it a short squeeze, Chris a regime change. Plus, Amazon locks out Meta's Muse agent.

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Bitcoin just closed its first weekly candle above the 50-week moving average in 45 weeks, a line Galaxy Digital's Alex Thorn says marked the bottom in four of the five completed bear markets. The Coinbase premium stayed negative for 166 of the last 168 hours anyway.