Bitcoin Clears 365-Day Moving Average, Meeting Final Condition for Bull Market Confirmation
Minseung Kang
Summary
- An analysis said Bitcoin's move above the 365-day moving average has triggered the final signal for confirming a shift into a bull market.
- Julio Moreno, head of research at CryptoQuant, said the final signal for confirming a Bitcoin bull market is for the price to move above the 365-day moving average.
- Bitcoin has recently extended its gains and broken above the 365-day moving average.
Forecast Trend Report by Period
Bitcoin has risen above its 365-day moving average, a move that analysts say marks the final signal needed to confirm a turn into a bull market.
On September 21, Julio Moreno, head of research at CryptoQuant, wrote on X, formerly Twitter, that the final signal for confirming a Bitcoin bull market is for the price to move above the 365-day moving average.
Bitcoin has recently extended its gains and broken above the 365-day moving average.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.