Historical trends linked to a key indicator suggest that Bitcoin (BTC) has a lot from front and back, because renewed inflation in the United States threatens to challenge the current trend.
The simple 200 -week mobile average (SMA) of the Bitcoin price, which smooths short -term market fluctuations to provide a clearer image of the overall trend, exceeded $ 44,200 at the time of writing, according to tradingView.
Although this average is at its highest day, it is still significantly lower than the peak of the previous Haussier market of $ 69,000 in November 2021.
This can be an important point because the previous data show that the bull markets end with the 200 -week SMA increasing at record prices established in the previous bull race.
For example, the previous Haussier market ended at the end of 2021, the 200 -week SMA going to $ 19,000, the 2017 Haussier market peak. Likewise, the 2017 Haussier market ended in December of the same year , the 200 -week SMA reaching the record price of more than $ 1,200 set four years ago.
If the past trends are true, the current Bitcoin beach between $ 90,000 and $ 110,000 will probably resolve optimistic, paving the way to the next ascending movement.
The pricing of drinking options supports the upward perspectives offered by the 200 -week SMA. For example, according to Amberdata data source, options with three months or more expirations show that appeal options are more expensive than installation options, indicating an expectation of the price increase market.
In addition, most open interests are concentrated in purchase options for higher than $ 96,700 BTC market price. During the editorial staff, the option of calling for $ 120,000 strike was the most popular, with a notional open interest of more than $ 1.8 billion, reflecting upward expectations. The open interest refers to the number of active or open contracts at a given time.
