Bitcoin: A historical indicator confirms the market improvement

The recent rise in bitcoin prices brings a technical signal that the market is closely watching. On September 22, the price crossed its 365-day simple moving average, around 80,900 dollars. This crossing comes after 310 days below this line, according to Ryan Horst and Joni Zhuleku, the founders of Altcoin Pro. Their study shows that this crossing preceded increases over several previous periods, while reminding them that this indicator does no…