Traders are predicting that Bitcoin is gearing up for its next bull run, with two key trend lines indicating a price breakout. The first trend line is the 21-week simple moving average (SMA), which is currently at $27,900 per Cointelegraph Markets Pro and TradingView.
Once this trend line clears the immediate spot price range, a protracted period of upside follows, giving the 21-week SMA its nickname — the “bull market line.” The second trend line is the 20-month SMA, which has heralded every previous Bitcoin bull market.
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