๐ Bitcoin Breaks 200WMA! Bulls in Control ๐น
๐ฐ Key Update: Bitcoinโs realized price has surged above $51,888, crossing the crucial 200-week moving average (200WMA). Historically, this has triggered massive rallies ๐, like in 2017 & 2021.
๐ฅ Why It Matters:
200WMA = long-term support โ
Price above 200WMA โ bullish market sentiment ๐
Long-term investors are profitable & confident ๐
๐ Current Trend:
BTC hovering at $121Kโ$124K
Short-term profit-taking possible ๐, but overall trend remains bullish ๐
๐ก Impact:
Could attract institutional investors ๐ฆ
Signals potential for new all-time highs ๐
Strong case for HODLing ๐๐
โก Bottom Line: Bitcoin above 200WMA = bullish signal. Momentum looks set to continueโฆ unless big resistance appears!
