BTC breaks above 200-day MA, a signal last seen before 2020 rally

Bitcoin has broken above its 200-day moving average on the daily chart, a signal historically observed before the start of a bull run, according to an analysis by CoinDesk. The outlet noted this is the first time Bitcoin has surpassed this key indicator since September 2020. Following that break, BTC entered a full-scale bull market. According to CoinMarketCap, BTC is currently trading at $80,275, down 0.62%.