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Matrixport: Bitcoin 109,899 USD, regarded as the bull-bear boundary.

ChainCatcher news, Matrixport released an analysis chart indicating that the current fifth round of Bitcoin bull run exhibits unique characteristics: it is led by institutions and features three phases of upward movement, which is significantly different from the two clear instances in 2020-2021. Currently, the 21-week moving average is at $109,899, regarded as the bull-bear dividing line. The analysis suggests that if Bitcoin can maintain above this moving average, the bull market trend is likely to continue; conversely, if it falls below this level, it may enter a more challenging market phase.

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