#Bitcoin 200 Week Moving Average

According to the #Bitcoin 200 Week Moving Average chart on ForeDex_Global, $BTC is currently trading well above the 200 WMA — the strongest long-term trend indicator.

Key takeaways from the data:

- The long-term uptrend remains fully intact. It continues to act as an extremely strong support level across all market cycles.

- The market has just experienced a strong V-shaped recovery. Sentiment has shifted from fear to Greed, with the Fear & Greed Index improving significantly. ETF inflows are stable, expectations of interest rate cuts by the new Fed Chair, and crypto-friendly policies are providing strong tailwinds.

- Currently, price is trading far above the 200 WMA → a correction, sideways movement, or mild pullback may occur soon to allow the WMA to catch up.