Analysis: Bitcoin's 200-week moving average is close to $50,000, showing long-term bullish signals.
Analyst James Van Straten pointed out that Bitcoin's 200-week simple moving average has risen to $49,223, close to the psychological barrier of $50,000, reflecting the growth of the market's fundamental value. The 200-day moving average has successfully held support, indicating that the crypto winter may be over, while the Nasdaq and S&P 500 indices have reached new highs, providing a favorable environment for Bitcoin to break through.