Bitcoin (BTC) is flashing bullish technical signals as its long-term moving averages continue to shift upward, hinting at a potential price recovery. The latest weekly moving average analysis reveals that BTC is trading above key support levels , reinforcing a positive market sentiment. Currently, the 50-week Simple Moving Average (SMA) sits at $74,890 , while the 20-week SMA hovers around $91,070 . Historically, Bitcoin has shown strong bullish momentum when its price remains above these critical indicators. In previous bull markets, the 20-week SMA has acted as a solid support level , fueling further price appreciation. Additionally, the 200-week SMA , positioned at $44,580 , remains a significant long-term support zone. Bitcoin’s Key Bullish Cross & Historical Patterns Bitcoin has frequently rebounded from the 200-week SMA during bearish cycles, confirming its fundamental strength . The expanding gap between Bitcoin’s price and the 200-week SMA further solidifies its long...