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Bitcoin remains above its 50-week average, James Van Straten notes

Bitcoin remains above its 50-week average, James Van Straten notes
Bitcoin above 50WMA, unlike 2022

James Van Straten observes that Bitcoin is currently trading above its 50-week moving average (50WMA).

He highlights that in 2022, Bitcoin did not come close to the 50WMA or the 200-day moving average, suggesting this bear market is behaving differently compared to previous cycles.

Van Straten previously reported on Riot’s sale of 4,300 BTC in the second quarter, reducing its Bitcoin inventory to 11,380 according to company disclosures. He has also questioned the value of Bitcoin-focused educational institutions, comparing them to traditional universities and challenging their effectiveness in a separate analysis. These recent observations continue his critical coverage of developments in the Bitcoin sector.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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