Alex Thorn points out Bitcoin reclaiming its 50 week moving average has marked the bottom 11 out of 13 times "Bitcoin, just from looking empirically at the charts, really does need to recapture the 50 week moving average here. It's around 81, Mike says around 82, but either way it's not that far from here" "Something like 11 out of 13 times that Bitcoin crossed the 50 week moving average to the upside in a bear market, it signaled the bottom was in" "Only twice did it not, and both of those were in between the two peaks of 2021, so not even quite a real cyclical drawdown, though certainly a bear market because it went down 50 plus" "If you were to zoom out, you would find that every time we came out of a bear market crossing that 50 week to the upside, it did not ultimately go lower"