Bitcoin Just Cleared a Crucial Level – Has the New Bull Market Begun?
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Bitcoin moved back above its 365-day moving average after a long stretch below it, with one piece saying the move lasted 310 days and another saying it was the first close above that line since March 2023. The same coverage also says market watchers are focusing on whether Bitcoin can remain above its 200-day average, which is described as the more important level by one research source.
Key claims & sources
What it means
Bitcoin traders and chart watchers are the first to notice this move, because the price is back above a long-term average after months below it. That puts attention on the next sessions rather than on a completed breakout, since the focus remains on whether the level holds. (per coindesk.com)
Market reaction i
Coverage timeline
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