Bitcoin’s 200-week moving average has officially crossed above $65,000, establishing a new all-time high for this fundamental support level. This mathematical floor has risen from $64,000 in August to its current level in just one month. Adam Back, CEO of Blockstream, highlighted this development by sharing a chart from Look Into Bitcoin. Bitcoin is currently trading in the $76,000 to $77,000 range, maintaining a substantial buffer above this historical support line.
Source: Read the original article
