Four Bitcoin Indicators Point To A New Bull Cycle

Despite the recent correction of bitcoin, several technical and on-chain indicators signal a possible return of the bull market. BloFin Research even estimates that BTC has entered a new cycle, but this hypothesis still depends on maintaining several key supports. The main signal studied by BloFin comes from the 50-week moving average . This curve, which smooths price variations over nearly a year, was around 78800 dollars when bitcoin crossed it in September. BTC closed the week of September 20 around 81200 dollars, then the week of September 27 at nearly 84456 dollars.

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