Matrixport: Bitcoin touches the 21-week moving average, market focuses on key technical levels

ChainCatcher message, Matrixport released a daily analysis indicating that the Bitcoin price recently touched the 21-week moving average, which has once again become a key observation point for the market. Analyst Markus Thielen pointed out that when the price is above the 21-week average, it usually indicates a market shift from bearish to bullish; while a drop below may signal an entry into a correction phase. Currently, the pullback remains relatively mild, and against the backdrop of continued expectations for interest rate cuts by the Federal Reserve, the overall trend may remain manageable.

From historical experience, the ideal entry point often occurs when Bitcoin briefly drops below this moving average and then re-establishes itself above it for an extended period. Investors should maintain a cautious attitude until clear signals emerge.