Plan B: Bitcoin hits 50 week moving average, bear market has ended

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Analyst PlanB stated that Bitcoin has reached its 50 week moving average of approximately $79000 and the next target is its 100 week moving average of approximately $89000, confirming the end of the Bitcoin bear market. PlanB pointed out that the closing price of Bitcoin in August was $78571, and the proportion of profitable Bitcoin increased from 50% to 72%. The monthly RSI rose from 41 to 51, and the market bottom has passed, indicating a bullish outlook for the future.

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