Bitcoin’s price has cleared a key hurdle that has historically preceded major bull runs
The final barrier standing between bitcoin BTC$81,231.72 and a potentially broader recovery has fallen. Bitcoin closed the week ended Sept. 20 above its 50-week moving average for the first time in 45 weeks, marking what Galaxy Research’s Head Alex Thorn described as a potentially important confirmation that the market’s bear phase may have run its course and a new uptrend is upon us.