🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
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Matrixport: As long as Bitcoin stays above the 21-week MA, the bull run remains valid.
【Matrixport: As long as Bitcoin remains above the 21-week MA, the bull run is still valid】Matrixport released daily chart analysis stating that the fifth round of the Bitcoin bull run is different from the past, driven by institutional investors rather than retail investors. A notable feature of this bull run is the emergence of three mini bull markets within the overall upward trend, whereas only two occurred in 2020-21. A simple and effective indicator for measuring the health of the trend is the 21-week MA, which can serve as a dividing line between bulls and bears. The level is currently at $109,899. As long as Bitcoin remains above this level, the bull run is still valid; if it falls below, it may signal that the bull run is entering a more challenging phase.