Matrixport: The current bitcoin market is dominated by institutions and has seen three phased increases
2025-09-24 07:07:05
According to an analysis chart released by Matrixport, the current fifth bull market of Bitcoin shows a unique characteristic: it is dominated by institutions and has three stage increases, which is significantly different from only two times in 2020-2021. The current 21-week moving average is at $109,899, which is regarded as the dividing line between bulls and bears. The analysis pointed out that if Bitcoin can maintain above this moving average, the bull market trend is expected to continue; otherwise, if it falls below this level, it may enter a more challenging market stage.
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