On-chain analytics firm Glassnode reports that Bitcoin (BTC) has held above a key support level despite a recent correction. This suggests that the bull market for BTC remains intact. The key support level in question is the 200-week moving average, which is currently around $21,500. BTC has held above this level since July, and has recently bounced off it again. This indicates that buyers are still willing to step in and support the price at this level. Even with the correction, BTC is still impressive so far, gaining over 50% since the start of the year. The long-term trend for BTC remains positive, and the recent correction is likely just a temporary setback.