Is the Bitcoin Bull Run Over or Just Getting Started?

Bitcoin has been making people nervous lately. With price swings and multiple failed attempts to push past $112,000, many are wondering, is the bull run over? Are we entering another bear market? But, according to experienced crypto trader Mags, analysis suggests that Bitcoin may be preparing for another major rally.Bitcoin’s 50-WMA Hints at $130K LevelIn a recent tweet, Mags pointed out that Bitcoin’s 50-week moving average (50 WMA) has long acted as a strong support level. Whenever Bitcoin touched this line before, it often bounced back and moved higher.Mags’ chart highlights several historical “BUY” signals when Bitcoin touched the 50 WMA and later surged higher. The only “SELL” signal occurred back in early 2022, when BTC failed to hold above the moving average. Since then, the 50 WMA has continued to act as a strong support line. – Bear market incoming?A lot of people think Bitcoin is heading into a bear market.The easiest way to check? Look at the 50 Weekly Moving Average.If you notice, the 50-week MA has been a strong support over the years. Every time Bitcoin dips to this 50 WMA , it… If history repeats, Bitcoin could soon break past $112,000 and head toward $130,000 or more.Also Read : Elon Musk’s Tesla Could Have Earned $17 Billion from Bitcoin, Here’s What Went Wrong,On-chain Activity Points to AccumulationAdding to this perspective is some recent large-scale on-chain activity. According to crypto analyst Maartunn, over 19,400 BTC, worth around $2.11 billion, were recently moved out of dormant wallets into institutional-grade addresses. These coins had not been touched for three to seven years.  📊 Institutional Accumulation Incoming?Three large transactions hit the chain this morning, moving dormant coins into likely institutional wallets:• 📦 Tx 1 📆 3y–5y: 8,002 BTC• 📦 Tx 2 📆 3y–5y: 2,438 BTC 📆 5y–7y: 6,000 BTC• 📦 Tx 3 📆 5y–7y: 3,002 BTCIn… While such moves often hint at strategic selling, it suggests large investors might step in to buy while the price stays steadyShort-Term Pressure Still ExistsWhile everything isn’t just bullish yet. According to CryptoQuant data, the Cumulative Volume Delta (CVD) is still negative. This suggests ongoing short-selling by takers, showing that some traders are betting against a breakout, at least for now.Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. Subscribe to News FAQsHow much will 1 Bitcoin cost in 2025? As per Coinpedia’s BTC price prediction, the Bitcoin price could peak at $168k this year if the bullish sentiment sustains. How much will 1 Bitcoin be worth in 2030? With increased adoption, the price of Bitcoin could reach a height of $901,383.47 in 2030. How much will the price of Bitcoin be in 2040? As per our latest BTC price analysis, Bitcoin could reach a maximum price of $13,532,059.98 How high will Bitcoin go in 2050? By 2050, a single BTC price could go as high as $377,949,106.84