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Bitcoin 5-Day Moving Average Analysis: Consolidation, Bullish Trend RemainsSince the decline on August 5th, Bitcoin has surged by 30%, pushing prices back above $60,000. Despite recent market volatility, the long-term bullish trend for Bitcoin remains intact

The cryptocurrency market has experienced a significant rebound since mid October, and the on chain transaction costs of Bitcoin and Ethereum have also sharply increased over the past three weeks. Last week, the average transaction costs also peaked at $15 per transaction and $10

In recent weeks, Ethereum (ETH), the main asset in the cryptocurrency market, has not received a warm welcome from the market due to price declines and unstable on chain performance. Overall, the overall situation of the cryptocurrency market has not significantly improved, as most counterfeit currencies have not been able to maintain an upward trend

The average US dollar investment age of Doggie Coin [MDIA] has been on the rise since June 2023. This indicator measures the average age of dollars invested in assets

Some people claim that Bitcoin sentiment is too pessimistic, and BTC prices protect the key moving average trend line.Due to the traders' call to change the "bearish" market sentiment of Bitcoin, the gold price held its recent rise on May 27

DOGE has formed a bearish flag shape.Long positions suffer more liquidation

Bitcoin (BTC) prices have shrugged off concerns about sudden changes in long-term dormant wallets, as well as ongoing regulatory uncertainty surrounding Coinbase's lawsuit against the US Securities and Exchange Commission due to unclear encryption rules, and have rebounded strongly to a level of over $28000 for the first time in four days.This may be due to a surge in technical buying before the 50 day moving average of $27200, as well as recent support from a low point slightly above $27000