#EthereumSecurityInitiative
The 200-week moving average for Bitcoin has surpassed $47,000, and this change could mark the end of price levels below $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 the price of Bitcoin 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 is above $47,000, a new era of higher prices for BTC may begin.
