Moving average

The Bitcoin bull market may officially be back.

Bitcoin just closed above its 50 week moving average for the first time in 45 weeks.

One of the clearest technical signals we've seen in months.

And today we're breaking down the charts.

But hey, we're in a rally we're coming off the lows this is exactly what we've been talking about for months preparing you educating you uh and so if you're if you're somebody that's tuning in i see the numbers ticking up if you've been tuning in and have not been along for the ride all summer give it a thumbs up bottom right hit subscribe and turn on the bell because now's the time that you need that education consistently and so let's go we got a couple more things here i made this fun little meme We got Bitcoin riding the bear, just absolutely owning it.

And then I started off with this stat at the top of the show before we get to Hunter's charts.

This is from Alex Thorne, a friend of the show, been on the podcast a couple of times showcasing here that Bitcoin closed above the 50 week moving average for the first time in 45 weeks.

Bitcoin is up 29 percent in 35 days.

In a bear market, it's a resistance band.

In a bull market, it might be a a support band and we shot through this in one big green candle here and are now consolidating above which is looking good as long as we're up here we're good but we have to turn this into support to really say that the bull market is back because as i said it's it's the bull market support band and it needs to act as support Now, what else are we looking at? All these moving averages, like many people do.

The most interesting moving average for us currently is the 10-month SMA, which is around 74-ish or something.

Yeah, 74, you can see it here, 74.7.