Matrixport released a daily chart analysis saying that the fifth round of bitcoin bull market is different from previous ones, with institutional investors rather than retail investors driving price fluctuations.
A striking feature of this bull market is that there have been three mini-bull markets in the overall uptrend, compared to only two in 2020-21. A simple and effective measure of trend health is the 21-week moving average, which serves as the dividing line between bull and bear.
This level is currently at $109,899. As long as Bitcoin remains above this level, the bull market remains in effect; a drop below it could mark the bull market entering a trickier phase.
Matrixport: As long as Bitcoin stays above the 21-week moving average, the bull market will still work
2025-09-24 07:10:07
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