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#Weekly close

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Bitcoin Clears Key Hurdle That Historically Preceded Major Bull Runs
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Bitcoin Clears Key Hurdle That Historically Preceded Major Bull Runs

Key Highlights Bitcoin closed the week ended September 20 above its 50-week moving average for the first time in 45 weeks, signaling a potential trend reversal. The cryptocurrency gained nearly 6% during the week, trading around $81,000 and extending its rebound to 29% over the past 35 days. Galaxy Research Head Alex Thorn described the ...

Peter Brandt’s Favorite Analyst Weighs In on Bitcoin: “It’s Important for It to Break Through This Level by the End of the Week”
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Peter Brandt’s Favorite Analyst Weighs In on Bitcoin: “It’s Important for It to Break Through This Level by the End of the Week”

Key Highlights Technical analyst Aksel Kibar identifies a weekly close above $82,800 as a critical threshold for Bitcoin, potentially confirming a bullish rectangular pattern reversal or double bottom formation. Kibar emphasizes that formation breakouts validated by significant moving averages—such as the 52-week EMA—provide dual confirmation of both trend direction and pattern completion. The analyst distinguishes ...