#Bitcoin Breaks Through Bullish Signal#

Discussions surrounding Bitcoin's bull market signals have recently heated up, with analysis from Matrixport garnering significant attention. The institution believes that Bitcoin, as a cyclical and trend-driven asset, can be judged by its 21-week moving average (approximately 147 days). When the price is above this average, it is suitable to hold a long position; when the price is below the average, caution is advised. Historical data reveals that this average has successfully captured major market trends multiple times, including the bull markets of 2020 and 2023, and the bear market phase of 2022. Currently, this average sits at approximately $85,000. As long as Bitcoin's price remains above this level, the market can be considered to be in a bull market phase. This analysis suggests that Bitcoin's price breaching the 21-week moving average, particularly surpassing $85,000, could signal an impending bull market. However, it's important to note that this indicator is not an absolute bull market signal. Market movements are influenced by various factors, and investors should exercise prudent judgment.