Bitcoin Price Monthly Moving Average Growth Hints At Where Crypto Market Cycle Is At7.2

While a recent poll shows that the majority of crypto investors have never experienced a transition from a bear market into a bull run, it’s clear that’s what’s transpiring across the crypto market in recent weeks, as the price of Bitcoin continues to climb upward and away from the bottom set back in December 2018.

Now that Bitcoin price is rising once again following a full year of downtrend, the asset’s 200-week moving average – an important long-term trend strength indicator – is also again growing at a rate of 5% month over month. The growth rate also could help analysts determine where the crypto market is in terms of its transition from bear to bull.

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