Bitcoin Passed the Main Test Sunday’s weekly close around $78K, above the 50-week average. As long as that continues, the recovery trend is intact. The 50-week average is roughly the average price of the past year, so it shows whether the long-term trend is up or down. In past bear markets, BTC rallies repeatedly failed below this line. Lasting recoveries in 2015, 2019 and 2023 began when price got back above it and stayed there. BTC regained the 50-week average in September after more than 40 weeks below it. Sunday’s weekly close of about $78K held above the line after the hack. As long as that continues, the recovery trend is intact. #Bitcoin #BTC #CryptoMarket