Long-term Bitcoin trend indicators have reached their highest-ever levels as the cryptocurrency recovers from a post-halving dip.
The long-term Bitcoin trend indicators, the 200-day and 200-week moving average, are at the highest-ever levels with Anthony Pompliano saying BTC is “as strong as ever.”) 200-day moving average is at an all-time high of $50,178, a key technical indicator for predicting long-term Bitcoin price trends suggesting a bullish long-term outlook.that saw it drop as low as $56,800 after the network’s block rewards were halved to 3.125 BTC on April 20.
“Don’t get lulled to sleep by Bitcoin going sideways. The long-term thesis is as strong as ever,” he added in an X post.GBTC saw the first day of inflows in 78 days.models, the 200-week moving average, a much longer-term trend indicator, is also at an all-time high of just over $34,000 meaning that the yearly trend outlook is even more bullish.
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