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Bitcoin reclaims a weekly trend level after closing above 50-week EMA
The move marks the first weekly close above the 50-week EMA since late 2025, Cointelegraph said.
Bitcoin closed a weekly candle above its 50-week exponential moving average for the first time since late 2025, signaling a rebound in the current trend, according to Cointelegraph.
Cointelegraph linked the technical shift to broader market positioning ahead of the Jackson Hole symposium.
The outlet also framed the development as a notable part of its weekly set of key takeaways for Bitcoin traders.
Latest closeBitcoin $84,310.25 ▼0.1%
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