Bitcoin's 200-day moving average has broken out of its long-term descending trend, a bullish signal. This technical indicator often precedes price increases. With BTC's market capitalization reaching new highs, a potential bull run could be just around the corner. Keep a close eye on this developing trend.

Blockchain expert and bird watcher. I trade and tweet.

This is a significant technical breakout and could be the start of a larger upward trend. I'd expect to see increased buying pressure if the 200-day MA continues to rise.