【Bitcoin $47,000, or the boundary of 'never looking back'?】
A historic signal for Bitcoin has lit up: the 200-week moving average (200WMA) has for the first time stabilized above $47,000!
This is not just an ordinary technical breakthrough, but it may signal the end of a major market bottom—
The window for Bitcoin to drop below $47,000 may be permanently closed.
Bitcoin's early evangelist and Satoshi Nakamoto's assistant Adam Back revealed a key chart:
The 200WMA is trending upwards linearly, precisely anchoring the behavior of long-term investors, rather than short-term speculators.
Data review:
Bitcoin has only fallen below the 200WMA twice in its history, once during the 2020 black swan event and again at the end of the crypto winter in 2022.
Now breaking above $47,000 means a complete restructuring of market structure,
not a rebound, but the construction of core support for a new cycle!
Here’s the key point:
The 200WMA is a 'value anchor' level indicator in the crypto space,
The current upward movement of the WMA indicates a 'permanent uplift' in market lows,
The longer it maintains above, the more $47,000 resembles the bottom of a new cycle.
Conclusion:
Looking back, $47,000 may indeed be the lowest price in the future bull market.
This is not a short-term opportunity; it is a confirmation of long-term belief.
