BlockBeats News, June 10th, Decrypt analyst Jose Antonio Lanz stated that the gap between the Bitcoin 50-day Exponential Moving Average (EMA) and the 200-day EMA is widening, which is typically a signal of bullish momentum strengthening. The moving average is essentially the average price of an asset over a specific period of time, in this case, the average prices over the past 50 days and 200 days, respectively. A larger gap indicates a stronger market trend.
This trend confirms the mid-term bullish outlook while successfully avoiding a potential "death cross," making the short-term moving average range more easily seen as a strong price support zone. In other words, even in the case of a price pullback, it is less likely to fall below the key support level of $100,000—the current EMA line is precisely at this level.
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