Bitcoin’s 50-week moving average could signal path to $150,000

Bitcoin has consistently held above its 50-week moving average since March 2023. Each time the market has attempted to break below, buyers have quickly stepped in, keeping the uptrend intact.

This moving average has become a key indicator defining Bitcoin’s broader bullish structure. As long as price remains above it, the focus potentially stays on new record highs, with the next major target projected between 140,000 and 150,000.

This outlook aligns with MicroStrategy co-founder Michael Saylor, who expects Bitcoin to reach $150,000 by the end of 2025. He described 2025 as the most transformative year yet for the digital-asset industry. According to Saylor, the $150,000 target also reflects the consensus among equity analysts covering both MicroStrategy and the broader Bitcoin ecosystem.

For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox.        

Trading involves risk and may not be suitable for all investors. The information provided in this article is for educational purposes only and does not constitute financial advice. Always conduct thorough research and seek professional advice before making any investment decisions.

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