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Bitcoin’s 200-Week Moving Average Suggests End of Sub-$47,000 Prices
- Bitcoin's 200-week moving average (200WMA) indicates the end of sub-$47,000 prices.
- The 200WMA is a reliable long-term indicator, acting as a price floor during major cycles.
- Bitcoin has historically fallen below the 200WMA during extreme market stress.
- With the 200WMA steadily rising above $47,000, a new phase of higher price levels for Bitcoin could be underway.
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