Matrixport: If Bitcoin stays above $109,899, the bull trend can continue

Odaily Planet Daily News Matrixport released a chart today stating that the fifth Bitcoin bull market is different from previous ones, with institutions leading the market. A major feature of this cycle is that there have been three phased bull markets in the overall upward trend, while there were only two in 2020-2021. The 21-week moving average is an effective indicator of trend strength and is often regarded as the dividing line between bull and bear markets. The moving average is currently at

If Bitcoin holds above this level, the bull trend could continue; if it falls below it, the market may enter a more challenging phase.