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Bitcoin's 200-week average surpasses $61,000, signaling strong long-term bullish trend.

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

Bitcoin's 200-week moving average has risen above $61,000, indicating a strong long-term support level and bullish trend. Blockstream CEO Adam Back highlighted this milestone, noting that it reflects steady accumulation by long-term holders. He referenced Charlie Munger's investment discipline, suggesting that buying near this average could yield outsized returns over time. The indicator's rise suggests continued institutional and retail demand, supporting Bitcoin's structural growth.

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