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Bitcoin Price Holds 50-Week Trend Despite $6.3B Binance Hack

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: Bitcoin has closed above its 50-week moving average for a seventh consecutive week despite the $6.3 billion Binance hack and renewed crypto-market volatility. Glassnode says even a pullback toward $75,800 could leave the broader technical setup intact. Bitcoin Closes Above 50-Week Average for 7th Straight Week Bitcoin just absorbed one of crypto’s largest exchange hacks […] Crypto Insight Analysis: Direction: Bullish BTC / Bearish BNB Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: BTC's 7-week trend hold signals resilience, but the $6.3B Binance hack threatens near-term crypto sentiment.

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Bitcoin Price Holds 50-Week Trend Despite $6.3B Binance Hack — Crypto Insight