Bitcoin's 200-day moving average has surpassed $100,000 for the first time in history, marking a new milestone in the cryptocurrency's evolution. This breakthrough follows previous key thresholds at $100, $1,000, and $10,000, each of which heralded the start of a new era for Bitcoin. Since bottoming at approximately $15,700 in November 2022, Bitcoin has experienced an unprecedented bull market lasting over 1,000 days, with the price consistently climbing. The cryptocurrency has remained above $100,000 for 100 consecutive days and has not closed below $110,000 in the past 40 days, recently trading around $115,000. Market analysts note that Bitcoin has developed strong support in the $112,000 to $115,000 range and anticipate further upward momentum, with some projecting a target price near $146,000. The sustained bullish trend is supported by a generally positive market sentiment, as indicated by the Fear and Greed Index rarely entering the 'fear' zone since January 2023.
Bitcoin has spent 100 consecutive days above $100,000. https://t.co/A8NmDQfXlc
Bitcoin should bottom in this $112,000-$115,000 area where it has built tremendous support. Do not get fooled or shaken out. Bitcoin loves to feign weakness for short periods of time before ripping faces off heads. The next stop is still $146,000. Absolutely nothing has changed.
🏆 @CryptoRank_io reports that 1,000 days of the #Bitcoin bull market have passed. On November 22, 2022, $BTC reached its lowest point at $15,749. Since then, it has been steadily climbing, and from January 2023 onward, the Fear and Greed Index has seldom fallen into the “fear” https://t.co/Th2jd8T6pv