According to LookIntoBitcoin, the price of Bitcoin has reached 200 WMA near $25,100, which will allow us to count on a movement to $30,000. The last time this level was observed was shortly before the collapse of the Terra ecosystem.
A confirmation of fixing above 200 WMA will be the closing of at least two weekly candles.
The importance of this benchmark was accompanied by experts with a historical chart that demonstrates the formation of a cyclical bottom after it was tested by quotes.
Within the current phase, the price fell lower. The specialists have emphasized that a return above the metric will lead to a restoration of confidence among investors.
