TechFlow news, January 15 — Matrixport released a chart today showing that the Bitcoin 21-week moving average (approximately 147 days) is currently at $85,000, serving as a key indicator for gauging market trends. Holding long positions is advisable when the price is above the 21-week moving average; caution is warranted when the price falls below this level.
Although Bitcoin's price may fluctuate temporarily around this moving average, the 21-week MA has successfully captured major market trends on multiple occasions. It accurately signaled the bull markets of 2020 and 2023, as well as the bear market in 2022. Currently, this moving average stands at approximately $85,000. As long as the price remains above the 21-week MA, the market will continue to be in a bull cycle.
