Bitcoin May Never Dip Below $47,000 Again
05/18/2025 18:52
New Bitcoin price low? Satoshi associate Adam Back shares intriguing chart
New Bitcoin price low? Satoshi associate Adam Back shares intriguing chart
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Just recently, the 200-week moving average for Bitcoin (BTC) moved above $47,000, and this shift could mark the end of sub-$47,000 price levels — possibly permanently.
Considered one of the most reliable long-term indicators in crypto, this level tends to act as a soft floor for Bitcoin’s price during major cycles.
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Since its inception, Bitcoin dipped below the 200-week moving average only during periods of extreme market stress in early 2020 and late 2022. And now that the average is rising past $47,000, it’s possible that a new era of higher Bitcoin price is beginning.
As shown in a recent chart by Bitcoin pioneer Adam Back, the 200WMA is steady on its climb, mirroring the broader rally in cryptocurrency prices over the past year. Though the market remains subject to short-term fluctuations, Back's chart illustrates how the average encapsulates longer-term investor behavior and market structure rather than short-term hype.
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This doesn’t mean that Bitcoin is completely done with corrections, but it suggests that the odds of seeing prices below $47,000 are shrinking. The longer Bitcoin remains above this threshold and the average continues to rise, the stronger the argument that the $47,000 level could become a new long-term baseline.