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Alex Thorn: Bitcoin (BTC) Logs 7th Week Above 50-Week Average

COINOTAG·November 2, 2026·1 min read
Alex Thorn: Bitcoin (BTC) Logs 7th Week Above 50-Week Average

Bitcoin closed above its 50-week moving average for a seventh straight week despite the Binance hack, with $78,800 resistance now the key test. The sustained strength suggests buyers remain active even amid exchange security concerns, and traders watch whether BTC can break through that level to extend the uptrend.

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