Bitcoin’s Bull Market Potential Supported by Historical Trends
- The 200-week simple moving average (SMA) of Bitcoin stands at $44,200.
- This average is below the previous bull market peak of $69,000.
- Historical data shows bull markets end with the 200-week SMA reaching prior peak prices.
- Options data indicates a bullish outlook, with call options more expensive than put options.
- Call options at a $120K strike have a notional open interest exceeding $1.8 billion.
The current Bitcoin price trend suggests potential for further growth, as indicated by the 200-week SMA at $44,200 and strong interest in call options priced above the market rate of $96,700.
Source (2.6)https://www.coindesk.com/markets/2025/02/14/bitcoin-bull-market-is-far-from-over-suggests-historical-trends-tied-to-200-week-average?rand=52298
