@nihinlolawa
Bitcoin Bull Market Is Far From Over, Suggests Historical BTC Trend Tied to 200-Week Average
Historical trends tied to a key indicator suggest that bitcoin (BTC) has plenty of upside left as renewed inflation in the U.S. threatens to challenge the current uptrend.
The 200-week simple moving average (SMA) of bitcoin's price, which smooths out short-term market fluctuations to provide a clearer picture of the overall trend, stood at $44,200 at the time of writing, according to TradingView.
2 replies
0 recast
0 reaction