CoinTurk News EN and Coinfomania both cite Galaxy Research's '43 out of 106' figure for 50-day moving average breakouts but interpret it in opposite directions.
What all sources agree on
- Galaxy Research says confirmation of a Bitcoin bull market requires a weekly close above the 50-week moving average.
- The 50-week moving average is cited at approximately $82,000-$82,470.
- Bitcoin rebounded 32.4% from its June 30 low.
- The analysis covers historical bear market cycles, with the 50-week moving average showing only 2 false signals in the relevant historical sample.
- The 50-day moving average is described as a less reliable indicator than the 50-week moving average.
Where the reports disagree
1Whether 43 out of 106 represents successful or failed 50-day moving average breakouts
Out of 106 historic breakouts above the 50-day moving average, 43 turned out to be false.
50-day moving average reclaims often fail; only 43 out of 106 were successful.
What would settle it: Galaxy Research's original published note or report.
What to make of it
Treat the $82,000-$82,470 weekly-close threshold and the 32.4% rebound figure as consistent across reports; the '43 out of 106' statistic on 50-day moving average reliability is reported with opposite meanings and should not be cited either way until Galaxy Research's original note is checked.
Treat the $82,000-$82,470 weekly-close threshold and the 32.4% rebound figure as consistent across reports; the '43 out of 106' statistic on 50-day moving average reliability is reported with opposite meanings and should not be cited either way until Galaxy Research's original note is checked.