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BTC's 200-Week Average Rises to $50K to Suggest Long-Term Market Strength
Key technical indicators show strength for bitcoin as market consolidates. Key average rises to record valuation to suggest long-term market strength.
Updated Jul 1, 2025, 2:52 p.m. Published Jul 1, 2025, 10:29 a.m.
What to know:
- The 200 week moving average is nearing $50,000, at $49,223, marking a significant milestone in the four-year cycle.
- After dropping below the 200 day-moving average earlier this year, bitcoin held above it during the recent correction to $98,000, reflecting resilience.
The 200-Week Simple Moving Average (200WMA) for bitcoin is approaching $50,000, currently sitting at approximately $49,223, according to Glassnode data.
This is one of the very few indicators in bitcoin that has only risen over time. The 200WMA has historically provided significant support levels. During the 2015 bear market, it offered support around $200. During the 2018 bear market, it held above $3,000. In the covid-19 induced crash of March 2020, the price briefly dipped below the 200WMA to around $5,300, although it eventually fell as low as $3,000.
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However, bitcoin experienced a prolonged bear market from June 2022 to October 2023, during which the price remained below the 200WMA, which was approximately $25,000 for those 15 months.
Meanwhile, the 200-Day simple moving average (200DMA), a widely used technical indicator to gauge transitions between bull and bear markets, currently sits at $96,246, indicating that bitcoin is in a bull market. The price dipped below the 200DMA between February and April but remained above it during the recent correction to $98,000 amid the Iran and US conflict.
Historically, this average has proven to be a strong indicator of both bull and bear market conditions. While the Nasdaq 100 and S&P 500 are making new all-time highs, this momentum can be constructive for bitcoin to achieve a breakout to new all-time highs as well.
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XRP Underperforms Market as Sudden Bitcoin Surge Ends Up in $387M Liquidations
XRP's technical outlook remains uncertain, with support at $2.05 and resistance at $2.17, as traders watch for volume expansion
What to know:
- XRP posts gains but underperforms compared to the broader digital asset surge, with below-average trading volume raising questions about the move's strength.
- Bitcoin's rise above $94,000 triggered a broad market rebound, leading to significant liquidations and reshuffling of positions.
- XRP's technical outlook remains uncertain, with support at $2.05 and resistance at $2.17, as traders watch for volume expansion to confirm momentum alignment.
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