#Bitcoin Breaks $85,000#

Bitcoin's surge past $85,000 has captured market attention, with digital asset management platform Matrixport analyzing that Bitcoin, as a cyclical and trend-driven asset, can be assessed using the 21-week moving average (approximately 147 days). Holding a long position is recommended when the price is above this average, while caution is advised when it is below. Historical data shows that this average has successfully captured major market trends multiple times, including the bull markets of 2020 and 2023, as well as the bear market phase of 2022. Currently, this average sits at around $85,000, suggesting that as long as Bitcoin remains above this level, the market can be considered in a bull market phase. This means that Bitcoin breaking through $85,000 and maintaining its position above this level could signal the arrival of a bull market, prompting investors to consider holding long positions.