Bitcoin's 50-week moving average is a key indicator for bear market confirmation

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If Bitcoin breaks above its 50-week moving average and shows follow-through in the subsequent week, it likely confirms the end of a bear market, as observed in October 2015. However, there have been instances, such as April 2022 and July 2018, where Bitcoin broke through the bear market resistance band but was rejected at the 50-week moving average, leading to further declines.