![Bitcoin’s 200-Day Average Is Approaching a Record High; Here’s Why It Matters Bitcoin’s 200-Day Average Is Approaching a Record High; Here’s Why It Matters](https://i1.wp.com/www.coindesk.com/resizer/AduIzaYD-7O-_eRuwS2HrSJwUH0=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/YOQ3B57XCNG3VAADSQXIPLMO3Q.png?w=1200&resize=1200,0&ssl=1)
Now, the average, a crucial barometer of long-term trends, is also rising fast in a sign of strong bullish momentum and appears set to surpass its previous peak of $49,452 in February 2022. At press time, bitcoin traded at $66,200, with the 200-day average at $47,909.