Analysis suggests Bitcoin's bull market has not yet ended

Despite Bitcoin's recent short-term weakness, its bull market has not yet concluded, according to an analysis by CoinDesk. The outlet noted that past bull markets have typically ended when the 200-week Simple Moving Average (SMA) approaches the peak of the previous cycle. Currently, the 200-week SMA stands at $54,750, significantly below the 2021 high, suggesting that the long-term bull market remains intact.