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Thielen Says Bitcoin Stays Above Key Moving Averages as Dominance Tops 60%

2026-05-03 08:59:42

Markus Thielen said Bitcoin moved above its 7-day and 30-day moving averages, while Bitcoin dominance stayed above 60%. Thielen said institutional buying, corporate treasury accumulation, and hints of a national strategic reserve announcement supported bullish sentiment, although the market later briefly consolidated.

BTC0.39%

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