Bitcoin's 50-Day SMA Surpasses Previous High Amid Market Shifts

According to PANews, Bitcoin's 50-day simple moving average (SMA) has exceeded its previous high of approximately $99,300 set on January 31, as reported by CoinDesk. Analysts view this metric as an indicator of market trends and potential supply-demand zones. The new high in the SMA occurred weeks after the spot price peaked at $111,000 on May 22, driven by strong inflows into spot ETFs and a shift of funds from U. S source: https://www.binance.com/en/square/post/25204343683409?utm_source=BinanceNewsRSS