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Bitcoin's 200-week moving average surpasses $60,000, signaling a strong bull market phase.

Technical Signals
04 May 2026
BeInCrypto
View Source
Bullish
pluang ai news

Bitcoin's 200-week moving average has risen above $60,000, a key long-term technical indicator that suggests the cryptocurrency remains in a structural bull market. This moving average smooths out short-term volatility and has historically acted as a price floor during previous market cycles. Bitcoin currently trades near $80,000 after recovering from April lows, supported by steady trading volume and continued buying from long-term holders and corporate treasuries. The coming weeks will reveal if demand sustains this momentum, potentially extending Bitcoin's bullish phase further.

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