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Analysis: Bitcoin bull market may not be over, 200-week moving average trend shows bullish signals
According to TradingView data, the 200-week simple moving average (SMA) for Bitcoin (BTC) is currently at $44,200, which, despite having reached an all-time high, is still well below the $69,000 seen at the peak of the bull market in 2021. Historical data shows that bull markets usually end when the 200-week moving average rises to the high of the previous bull market. For example, the 2021 bull market ends when the 200-week moving average reaches the 2017 high of $19,000, while the 2017 bull ma...
2025-02-14 07:28:47
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