Bitcoin's 200-week moving average tops $65,000 for the first time
- —The 200-week MA exceeded $65,000 for the first time, up from $64,000 a month ago
- —Bitcoin trades in the $76,000–77,000 range, more than $10,000 above the line
- —The price has held below this line for only a few weeks in its entire history
Why it matters: The rise in long-term support points to a structural increase in the price base, reducing the likelihood of a return to $60,000–64,000.
Source: Digital Today