Bitcoin is back at its 2-year moving average!

Some analysts see a long period of the Bitcoin price staying below the two-year moving average as a possible sign that the price may rise in the future.

Now, after some time, the Bitcoin price has returned to this average once again. The event, which coincides with the recent rise of this crypto, has drawn the attention of many market participants.

Bitcoin rose from 63 thousand US dollars to 87 thousand US dollars in just three months!

However, this indicator alone cannot guarantee a further price rise, and decisions in the crypto market require a review of other indicators and market conditions.

What is the two-year moving average?

The two-year moving average is the average Bitcoin price over a two-year period. It is used to examine the long-term trend of this crypto’s price.