#TrumpVsMusk Bitcoin Might Never Trade Below $48K Again
Bitcoin's 200-week moving average has now topped $48,000
As noted by Blockstream CEO Adam Back, Bitcoin's 200-week moving average (200 WMA) has now surpassed $48,000 for the first time.
It took the 200WMA less than a month to add another $1,000 after initially surpassing $47,000 on May 15.
The widely tracked long-term indicator is frequently used by various markets since it makes it possible to filter out short-term volatility. $BTC