Bitcoin's 21-Week Moving Average Remains a Key Indicator

According to BlockBeats, the 21-week moving average has once again become a crucial point of observation for Bitcoin's market trends. Historically, this level has been seen as a significant boundary between bullish and bearish markets. When prices are above this average, it often indicates a shift from bearish to bullish sentiment. Conversely, a drop below this level typically signals a potential market correction. Currently, the correction remains relatively mild, with the broader market expecting the Federal Reserve to continue cutting interest rates. This expectation suggests that the overall trend may remain manageable unless there is a significant downturn in the U.S. economy. Historically, an ideal entry point for investors often occurs when Bitcoin briefly dips below this moving average and then sustains a position above it for an extended period. Until such a signal emerges, investors are advised to remain cautious.