BTC 50-Week SMA Nears Bear Cross With 100-Week Average

Bitcoin's 50-week simple moving average sits roughly $370 above the 100-week average, putting the pair within days of a "bear cross" that has historically marked cycle bottoms rather than breakdowns. At writing, BTC traded near $62,400, the 50-week SMA at $89,771, and the 100-week SMA at $88,397…