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

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.