Coinbase earnings show signs of maturity for cryptocurrency

Bitcoin has closed its first decisive week above the 20-week moving average (shown by the higher blue line) and the 21-week EMA (exponential moving average, shown as the lower blue line), which is what many consider to be the bull market support band, for the first time since it was around $57,000. There is also a bullish crossover on the MACD indicator on the weekly time frame (shown below) Even though the trend has flipped bullish, a pullback is to be expected before continuation.