{"id":385756,"date":"2019-06-12T01:01:30","date_gmt":"2019-06-12T01:01:30","guid":{"rendered":"https:\/\/uniquehot.com\/?p=385756"},"modified":"2024-06-11T09:14:52","modified_gmt":"2024-06-11T09:14:52","slug":"bitcoin-price-crypto-market-cycle","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-crypto-market-cycle\/","title":{"rendered":"Bitcoin Price Monthly Moving Average Growth Hints At Where Crypto Market Cycle Is At"},"content":{"rendered":"

While a recent poll shows that the majority of crypto investors have never experienced a transition from a bear market into a bull run<\/a>, it\u2019s clear that\u2019s what\u2019s transpiring across the crypto market in recent weeks, as the price of Bitcoin<\/a> continues to climb upward and away from the bottom set back in December 2018.<\/span><\/p>\n

Now that Bitcoin price<\/a> is rising once again following a full year of downtrend, the asset\u2019s 200-week moving average \u2013 an important long-term trend strength indicator \u2013 is also again growing at a rate of 5% month over month. The growth rate also could help analysts determine where the crypto market is in terms of its transition from bear to bull.<\/span><\/p>\n

Bitcoin\u2019s 200-Week Moving Average Growth Suggests We Are Close to Crypto Bull Run<\/span><\/h2>\n
The 200-week moving average<\/a> is among the most important indicators for any trader or investor to watch, in any financial market and not just the crypto industry. If the asset\u2019s price trades above or below the average says a lot about the strength of a long-term trend.<\/span><\/p>\n
In Bitcoin, the vital indicator acted as support at the lowest points of the bear market<\/a>, was what eventually prevented Bitcoin price from falling lower, and acted as the fuel that rocketed Bitcoin into a new bull trend<\/a>.<\/span><\/p>\n
Related Reading | Next Bitcoin Bull Run Will Be First Cycle Supported By Established Financial Firms<\/a><\/strong><\/em><\/p>\n
At the time, crypto analysts had feared a break of the 200-week moving average would call into question Bitcoin\u2019s longevity as a financial asset, as most investors would see this as a major threat to the digital gold\u2019s long-term trend structure \u2013 something it may never bounce back from.<\/span><\/p>\n
However, bounce it did<\/a>, and since then Bitcoin\u2019s 200-week moving average is back to growing at a rate of 5% each month. In a chart shared by prominent crypto analyst “100TrillionUSD” the moving average growth rate is depicted as varying shades of color.<\/span><\/p>\n
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#Bitcoin<\/a> 200 week moving average is growing at 5% per month again pic.twitter.com\/4vGm3vjyF8<\/a><\/p>\n
— PlanB (@100trillionUSD) June 10, 2019<\/a><\/p><\/blockquote>\n