PANews reported on January 15 that according to Matrixport analysis, as an asset with obvious cyclicality and trend-driven, the trend of Bitcoin can be judged by the 21-week moving average (about 147 days). When the price is above the moving average, it is suitable to hold long positions; when the price is below the moving average, it is necessary to be cautious.

Historical data shows that this moving average has successfully captured major market trends many times, including the bull markets in 2020 and 2023, and the bear market in 2022. The current moving average is around $85,000, and as long as the price of Bitcoin remains above this level, the market can be considered to be in a bull market.