Bitcoin Bull Market Analysis: Long-Term Potential Confirmed

Recent dips in the cryptocurrency market have sparked uncertainty about the longevity of Bitcoin’s bull run. But a new analysis from CoinDesk suggests that this upward movement may be far from over, based on historical patterns and technical indicators. The key indicator is the 200-week Simple Moving Average (SMA), which reveals a strong indication for continued growth in the market. Let’s delve into the factors supporting this optimistic outlook.