Glassnode says BTC moving averages flash bullish confirmation signal

Glassnode co-founder Rafael Schultze-Kraft said BTC’s 30-day moving average has crossed above its 50-week moving average, signaling bullish confirmation. In a post on X, Schultze-Kraft said the 30-day average has moved above the 50-week average for the first time since 2023, adding that past instances of the signal were followed by confirmed bull markets.