Just recently, the 200-week moving average for Bitcoin (BTC) moved above $47,000, and this shift could mark the end of sub-$47,000 price levels — possibly permanently.
The 200-week moving average for Bitcoin (BTC) has recently shifted above $47,000, a development that could mark the final chapter for sub-$47,000 price levels—possibly permanently.
This level, considered one of the most reliable long-term indicators in crypto, tends to act as a soft floor for Bitcoin’s price during major cycles. Since its inception, Bitcoin dipped below the 200-week moving average only during periods of extreme market stress, such as early 2020 and late 2022.
But now that the average is rising past $47,000, it’s possible that a new era of higher Bitcoin price is beginning. As shown in a recent chart by Bitcoin pioneer Adam Back, the 200WMA is steadily climbing, mirroring the broader rally in cryptocurrency prices over the past year. While the market remains subject to short-term fluctuations, Back's chart showcases how the average reflects longer-term investor behavior and market structure better than short-term hype.
This isn’t to say that Bitcoin is completely done with corrections, but it suggests that the odds of seeing prices drop below $47,000 are slim. The longer Bitcoin stays above this threshold and the average continues upward, the stronger the case that $47,000 could become a new long-term baseline.
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