Analysis: Bitcoin Retests 50-Week Moving Average, Potentially on Verge of Three-Month Rally

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September 15, 2024
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PANews reported on September 15, citing Cointelegraph, that crypto analyst Titan indicated that Bitcoin recently retested a key support level on the weekly chart, which could potentially bounce back to over $90,000. In previous cycles, when the price retested the 50-week simple moving average, it rebounded by at least 40%. The average rebound rate was 71%, and if BTC were to rise 71% from here, it could reach $92,000.

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