#BTC重回关键位置后走势
From the moving averages, BTC is in a historical upward channel
Bitcoin was influenced by the April halving, reaching a peak in March, and then underwent a 7-month consolidation from March to October, with long, medium, and short-term moving averages becoming increasingly dense.
Starting in October, influenced by institutional ETFs and elections, it has been rising and broke through 100,000, moving above the short-term moving averages.
After breaking the 100,000 mark, 100,000 has become an anchoring price level for the market. BTC, influenced by supply, market, institutions, and government, is unlikely to experience a major crash down to 30,000 or 50,000; it is expected to oscillate around 100,000, waiting for the convergence of medium and long-term moving averages.
Awaiting the next explosive point to create a new historical high.
