Here’s Why Bitcoin Is Likely Never Dropping Below $45K

cryptonews.net 24/03/2025 - 18:06 PM

Bitcoin’s 200-Week Moving Average Surpasses $45,000

As noted by Blockstream CEO Adam Back, Bitcoin’s 200-week moving average (WMA) has now surpassed the $45,000 level.

Over the past three months, the WMA has added roughly $3,000. A year ago, the 200 WMA was at roughly $32,000.

> #bitcoin 200wma passes $45k
> — Adam Back (@adam3us) March 24, 2025

The widely tracked MA is considered particularly important since the price of the leading cryptocurrency tends to bottom out at this level.

While the price of Bitcoin has dipped below the 200 WMA on several occasions during extreme sell-offs, there is still a good chance that Bitcoin might never drop below $45,000 in the future.

Earlier this Monday, Bitcoin surged to an intraday high of $88,713.




Comments (0)

    Greed and Fear Index

    Note: The data is for reference only.

    index illustration

    Fear

    34