BTC BULL MARKET is almost ended, and the historical trend related to the 200 -week average proposal

The historical trend related to major indicators suggests that a lot of rise remains as Bitcoin (BTC) threatens the US’s new inflation to challenge the current uptrend.

According to TradingView, the 200 -week simplicity (SMA) of the Bitcoin price (SMA) softened the short -term market change, providing a clear picture of the entire trend and standing at $ 44,200 at the time of writing.

This average is the highest, but in November 2021, it is still quite lower than the $ 69,000 in the previous bull market.

The data in the past can be an important point because the bull market ends as the 200 -week SMA rises to the record price set in the previous bull run.

For example, in the late 2021, the Bull Market rose to $ 19,000 in 2017, the 200 -week SMA in 2017. Similarly, the bull market in 2017 ended in December of that year, and the 200 -week SMA rose to more than $ 1,200 four years ago.

If the trend of the past is true, the current range of Bitcoin will be optimistic about $ 90,000 to $ 110,000.

Deribit option prices support the strong outlook for SMA for 200 weeks. For example, according to data source Amberdata, options that have expired more than three months show that the call options are more expensive than the PIT options, indicating market expectations for prices.

In addition, most public interest is focused on call options when strikes higher than BTC’s market price of $ 96,700. At the time of writing, the $ 120K Strike’s telephone options were the most popular and boasted more than $ 1.8 billion in interest, reflecting the expectation of strong. Public interest indicates the number of contracts activated or open at a given time.