The long-term trend of Bitcoin and the key level of the 50-week moving average
1. Since the reversal of the bear market in 2023, Bitcoin has consistently remained above the 50-week moving average, with each pullback finding support at this level.
2. The current 50-week moving average is around 102,000, which is the core defense area for long-term bulls.
3. Even if there is a short-term spike below, as long as it can close back above the moving average, the bull market structure has not been damaged. $BTC