Bitcoin's 200-Day Average Is Approaching a Record High; Here's Why It Matters

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Bitcoin's 200-Day Average Is Approaching a Record High; Here's Why It Matters
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Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.

price moved into bullish territory above the 200-day simple moving average in October, setting record highs above $73,000 last month.

That's noteworthy for traders as past data show the most intense phase of the bullish cycle unfolds after the average surpasses its previous peak to new lifetime highs.

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