One weekly close above the 50W MA, and the bear market is over. Bitcoin is now right on the doorstep. In a bear market, the 50-week moving average acts as a ceiling or resistance level. Historically, as long as Bitcoin keeps failing to reclaim the 50-week MA with a weekly close, the bear market is still considered active. The real signal that the bear market is likely over comes when price finally closes above it, that has marked the cycle low in most past cases.(BloFin Research)