Bitcoin Bull Market Is Far From Over, Suggests Historical BTC Trend Tied to 200-Week Average

Bitcoin Bull Market Is Far From Over, Suggests Historical BTC Trend Tied to 200-Week Average

Bitcoin’s Bull Market Shows Strength as Key Indicator Signals More Upside Potential

Bitcoin (BTC) appears poised for further gains as historical trends linked to a key technical indicator suggest the ongoing price consolidation between $90,000 and $110,000 will likely resolve bullishly.

The 200-week simple moving average (SMA), a long-term trend indicator that smooths out short-term price fluctuations, currently stands at $44,200, significantly below the peak price recorded during Bitcoin’s 2021 bull market. This gap suggests that the current cycle still has room for growth.

Analysts have observed that in past bull markets, Bitcoin’s price has tended to climb toward previous record highs as the 200-week SMA rises to catch up. If history repeats itself, BTC could be set for another leg up in the coming months.

Adding to the bullish sentiment, Bitcoin has remained resilient despite renewed inflationary concerns in the U.S. While higher inflation typically dampens risk appetite, BTC’s ability to hold firm indicates strong underlying demand and investor confidence.

As Bitcoin continues to trade within its current range, traders and analysts will be watching key levels closely. If BTC breaks above its recent consolidation zone, historical patterns suggest a new all-time high could be within reach.