🔼Bitcoin has closed a week above its 50-week moving average for the first time in 45 weeks. Galaxy Research looked at 13 similar moves since 2011 - in 11 cases, Bitcoin did not go on to make a new market low.
⌛ But 11 out of 13 isn’t 13 out of 13. The two failures came in late 2021 and early 2022. Bitcoin reclaimed the same moving average, failed to hold it, and eventually fell toward $16,000. That’s why what happens after the breakout matters just as much as the breakout itself.
💡 For BoBe, this is exactly why we don’t build around one indicator or one bullish signal. Our model trades spot only, without leverage, and focuses on systematic execution rather than trying to predict every market top or bottom.
So which side do you trust more: the 11 out of 13 historical pattern, or the 2 times it failed? 👀