Bitcoin Hits Key Support: Bull Run or Bull Trap?

Bitcoin has returned to a key technical level that has played a central role in previous ￰0￱ 50-week Simple Moving Average (SMA) often called the bull market baseline by traders has acted as a reliable support zone since early ￰1￱ of press time Bitcoin is trading at around $111,200

showing a modest daily gain while still down over the past ￰2￱ Retests Long-Term Support The chart shared by Merlijn The Trader shows that each time Bitcoin has retested the 50-week SMA since 2023 it has gone on to make new ￰3￱ moving average has become a key level for identifying changes in ￰4￱ early 2022 Bitcoin broke below it marking the start of a broader ￰5￱ then

however the price has repeatedly returned to this line before continuing ￰6￱ most recent touch of the SMA has once again attracted attention from traders watching for signs of a new upward ￰7￱ stated: BITCOIN JUST RETESTED THE BULL MARKET ￰8￱ 50-week SMA marked every major liftoff since ￰9￱ money buys the ￰10￱ buys the ￰11￱ chart separates traders from ￰12￱ — Merlijn The Trader (@MerlijnTrader) October 20 2025 Sentiment Still Unsettled After Liquidation Market confidence remains low following a large liquidation event on October ￰13￱ rates which reflect the cost of holding long or short positions in the futures market

dropped into negative territory on October ￰14￱ suggests that many traders were leaning toward short positions betting on further declines.