Bitcoin Surges Past $124,000, Realized Price Exceeds 200WMA
Bitcoin (BTC) surpassed $124,000, achieving its fourth all-time high in 2025.
On-chain data from Glassnode indicates the potential onset of a bull market. Key metrics include:
- The realized price at $51,888 has exceeded Bitcoin’s 200-week moving average (200WMA) of $51,344.
- The 200WMA serves as a support level and has historically indicated transitions between bear and bull markets.
- Past instances where the realized price moved above the 200WMA, such as in 2017 and 2021, resulted in extended uptrends.
The break above the 200WMA suggests renewed investor confidence and a possible shift in market dynamics. Current macroeconomic conditions and institutional interest may support further growth for Bitcoin.