Doctor Profit: Bitcoin's weekly chart stabilizes at $78700, confirming the start of a bull market

Doctor Profit stated on the X platform that Bitcoin has surpassed the 50 week moving average of $78700. If it remains above this moving average at the end of the week, it is a confirmation signal for the start of a new bull market. Currently, Bitcoin is in the range of $71000 to $82000. Breaking through the $82500 to $83000 range will constitute stronger confirmation, and it will continue to hold spot and target $88000.