$BTC Will the BTC bulls recover the 200-day moving average?

Today's rebound also pushed BTC back above its 200-day moving average after falling below that trend line for the first time since last August's crypto correction. The 200-day moving average is a widely used benchmark for traders and investors to assess long-term price trends of assets, often serving as support for prices to bounce in a bull market, while losing the level that provides a signal of risk aversion or a bear market.