Bitcoin Bull Market Signal Emerges Even as BTC Struggles to Break $84K

Bitcoin's 30-day gain remains positive, but its one-year performance is still deeply negative, leaving the longer-term recovery unfinished. Bitcoin has closed above its 50-week moving average for four weeks in a row. Analyst Ash Crypto sees that as a sign the bottom is in, yet the average still slopes down, and Bitcoin sits about a third below its all-time high. Bitcoin Holds Above a Falling 50-Week Average “Historically, this means the bottom is in and the new bull market has started,” Ash Crypto wrote in a post on X. The weekly chart attached to the post showed BTC near $84,000 against a 50-week average of roughly $77,000, after a low near $58,000 and a strong green weekly candle that carried price back above the line. That average is the mean of the last 50 weekly closes, which is about a year of trading. As CryptoPotato reported earlier, Bitcoin topped out near $87,000 on October 2, slid to around $80,000 last Thursday, and had been trading near $83,000 since a Friday rebound. But the latest CoinGecko data shows it passing $84,000, up about 1% in the last 24 hours and 9% on the month, but down 2% across seven days and 24% lower than where it was a year ago. A CryptoRus note on ...