Matrixport: Bitcoin's 21-week moving average is currently at $85,000, and staying above the moving average will continue the bull market

on January 15th, Matrixport released today's chart. The Bitcoin 21-week moving average (approximately 147 days) is currently at $85,000, which is a key indicator for determining market trends. When the price is above the 21-week moving average (approximately 147 days), it is suitable to hold a long position; when the price is below this average, caution is advised. Although the Bitcoin price may fluctuate in the short term near the average, the 21-week moving average has successfully captured major market trends multiple times. This average accurately predicted the bull market trends of 2020 and 2023, as well as the bear market trend of 2022. Currently, this moving average is around $85,000. As long as the price stays above the 21-week average, the market will continue to be in a bull market cycle.