The 200-week moving average for #Bitcoin surpassed US$47,000 and this change could signal the end of price levels below US$47,000, possibly permanently. Considered one of the most reliable long-term indicators in cryptocurrencies, this level tends to act as a soft floor for Bitcoin's price during major cycles.

Since its inception, Bitcoin has fallen below the 200-week moving average only during periods of extreme market stress in early 2020 and late 2022. And now that the average exceeds US$47,000, a new era of higher prices for BTC may be beginning.