Now, the average, a crucial barometer of long-term trends, is also rising fast in a sign of strong bullish momentum and appears set to surpass its previous peak of $49,452 in February 2022. At press time, bitcoin traded at $66,200, with the 200-day average at $47,909.

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• Source: https://www.coindesk.com/markets/2024/04/23/bitcoins-200-day-average-is-approaching-a-record-high-heres-why-it-matters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines