Market BTC Bull is far from the end, historical trends related to the 200-week average

Historical trends related to the key indicator suggest that Bitcoin (BTC) has a lot built as renovated inflation in the United States threatens to challenge the current trend.

The average average average of 200 weeks (SMA) in Bitcoin’s fluctuations to provide a clearer image of the entire trend, it stood on $ 44,200 at the time of writing, according to writing.

Although this average is at the highest point ever, it is still significantly below the top of the previous bica bull in the amount of $ 69,000 in November 2021. years. Years.

This can be an important point because the data presented the bullets are presented with 200 weeks that are growing in the records described in the previous bullet ride.

For example, the previous bull market ended at the end of 2021. year with $ 19,000, the peak of the bull market 2017. Similarly, the bull market since 2017. years ended in December that year, and the 200-weekly settlement in a record price of over $ 1,200 four years ago.

If the past trends are significant, the current range of bitcoin between 90,000 and $ 110,000 will be resolved to hesitate, and team up the way for the next movement up.

Prices of options on deribit support the Bullish Outlook that offers 200 weekly SMA. For example, according to the source of Amberdata, options with three months or longer shows that call options are more expensive than putting options, indicating the expectation of growing prices market.

Further, the most important interest is concentrated in Call options on strikes higher than BTC’s March 96,700 USD. From writing, the $ 120,000 calling option was most popular, praised in some methynal interest in more than $ 1.8 billion, which reflects Bukres expectations. Open interest refers to the number of contracts active or open at a given time.