{"id":13038,"date":"2025-02-14T07:31:51","date_gmt":"2025-02-14T07:31:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13038"},"modified":"2025-02-14T07:31:51","modified_gmt":"2025-02-14T07:31:51","slug":"bitcoin-bull-market-is-far-from-over-suggests-historical-btc-trend-tied-to-200-week-average","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13038","title":{"rendered":"Bitcoin Bull Market Is Far From Over, Suggests Historical BTC Trend Tied to 200-Week Average"},"content":{"rendered":"<div>\n<p>Historical trends tied to a key indicator suggest that bitcoin (BTC) has plenty of upside left as renewed inflation in the U.S. threatens to challenge the current uptrend.<\/p>\n<p>The 200-week simple moving average (SMA) of bitcoin&#8217;s price, which smooths out short-term market fluctuations to provide a clearer picture of the overall trend, stood at $44,200 at the time of writing, according to TradingView.<\/p>\n<p>Although this average is at its highest point ever, it is still significantly below the previous bull market&#8217;s peak of $69,000 in November 2021.<\/p>\n<p>That may be an important point because past data show bull markets end with the 200-week SMA rising to the record prices established in the preceding bull run.<\/p>\n<p>For instance, the previous bull market ended in late 2021 with the 200-week SMA rising to $19,000, the 2017 bull market peak. Similarly, the bull market of 2017 ended in December of that year, with the 200-week SMA rising to the record price of over $1,200 set four years ago.<\/p>\n<p>If past trends hold true, bitcoin&#8217;s current range between $90,000 and $110,000 will likely resolve bullishly, paving the way for the next upward movement.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/2499ee34c9459bebce605b66cf07608654942712-2376x1052.png?auto=format\" alt=\"\"><\/p>\n<p>The pricing of options on Deribit supports the bullish outlook offered by the 200-week SMA. For example, according to data source Amberdata, options with expirations of three months or longer show that call options are more expensive than put options, indicating a market expectation of rising prices.<\/p>\n<p>Further, most open interest is <a href=\"https:\/\/www.deribit.com\/statistics\/BTC\/metrics\/options\" target=\"_blank\">concentrated in<\/a> call options at strikes higher than BTC&#8217;s going market price of $96,700. As of writing, call option at the $120K strike was the most popular, boasting a notional open interest of over $1.8 billion, reflecting bullish expectations. Open interest refers to the number of contracts active or open at a given time.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Historical trends tied to a key indicator suggest that bitcoin (BTC) has plenty of upside left as renewed inflation in the U.S. threatens to challenge the current uptrend. The 200-week simple moving average (SMA) of bitcoin&#8217;s price, which smooths out short-term market fluctuations to provide a clearer picture of the overall trend, stood at $44,200 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13038","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13038"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13038\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}