#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 halving in April, reaching a high in March, followed by 7 months of 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 continuously risen, breaking through 100,000, moving above the short-term moving averages.
After breaking the 100,000 mark, 100,000 has become an anchoring price level in the market. BTC is influenced by supply, market, institutions, governments, and other factors, and it is unlikely to experience a significant crash to the 30,000-50,000 range. It is expected to oscillate around 100,000, waiting for the convergence of the medium to long-term moving averages.
Awaiting the next breakout point to create a new historical high.