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      Bitcoin Closes Above 50-Week Moving Average for First Time in 45 Weeks

      Bitcoin has closed above its 50-week moving average for the first time in 45 weeks, according to Alex Thorn, the Director of Research at Galaxy Digital. This development is seen as a significant indicator, as historically, regaining this moving average has confirmed the lows of bear markets.

      In the past 35 days, Bitcoin has experienced a notable increase of 29%. The movement above the 50-week moving average may suggest a potential shift in market sentiment, as investors look for signs of recovery in the cryptocurrency's performance.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud