TechFlow, September 24 — Matrixport released an analytical chart indicating that the current fifth Bitcoin bull market exhibits unique characteristics: institution-led and showing three distinct upward phases, clearly differing from the 2020–2021 cycle which had only two. The current 21-week moving average stands at $109,899, regarded as the bull-bear dividing line. The analysis suggests that if Bitcoin can maintain trading above this level, the bullish trend may continue; otherwise, a break below could usher in a more challenging market phase.
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