Bitcoin Magazine said in a new Chart of the Day segment that Bitcoin has posted its first weekly close above the 50-week simple moving average in the current cycle, a level the program described as a long-watched dividing line between bull and bear market regimes. In the segment, Sean Hagan said he places roughly 80% confidence on the move representing a genuine regime change. He and Grace Remington also discussed what one more weekly close would need to do to confirm the signal.
The show said the indicator has failed to hold only twice in Bitcoin’s history. It also noted that Bitcoin was up nearly 10% on the week and was pushing through $86,000, with the timing lining up closely with the one-year window from all-time high to cycle bottom. Bitcoin Magazine included a disclaimer saying the views expressed were those of the participants, not necessarily those of BTC Inc., Bitcoin Magazine, or affiliated entities, and that the content was for informational and educational purposes rather than investment, legal, tax, or accounting advice. The post was written by Patrick Green.
Bitcoin has recorded its first weekly close above the 50-week simple moving average in the current cycle, according to a Bitcoin Magazine Chart of the Day segment.
In the program, Sean Hagan said he puts roughly 80% confidence on the move marking a genuine regime change. Hagan and Grace Remington discussed why the 50-week simple moving average has historically been treated as a dividing line between bull and bear market regimes, and what one additional weekly close would confirm.
What the segment highlighted
The show said there have been only two times in Bitcoin’s history when this signal did not hold. It also said Bitcoin was up nearly 10% on the week and was pushing through $86K. According to the segment, that timing lines up almost exactly with the one-year window from all-time high to cycle bottom.
Disclaimer and byline
Bitcoin Magazine said the views and opinions expressed in the show were those of the participants and did not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. It added that the content was provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. The disclaimer also said nothing in the show constituted a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments.
The post first appeared on Bitcoin Magazine and was written by Patrick Green.
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