<b>Bitcoin</b>'s New Floor: Long-Term Support Level Rises Above $65,000

A significant development has occurred in the Bitcoin market. The 200-week moving average (200WMA), a long-term support level, has risen above $65,000. According to Blockstream CEO Adam Back, this milestone was highlighted by a new chart from Look Into Bitcoin.

The 200WMA reflects Bitcoin's underlying trend over the past four years, equivalent to one full market cycle. Historically, it has served as an absolute price floor, and even during bear markets, Bitcoin has fallen below it for only a few weeks.

The continuous upward movement of this line indicates that the asset's structural baseline is rising faster than in previous cycles. The move above $65,000 gives Adam Back and other supporters solid mathematical grounds to conclude that Bitcoin may never again trade below $65,000 for an extended period.