[Trader: 200-Day Moving Average Becomes Key Resistance for BTC, Breakthrough and Stabilization Will Signal Bull Market] Trader Killa tweeted that Bitcoin has now returned above the Mayer Multiple level of 0.8, after previously dropping below this level. In 2022, BTC also briefly fell below this level before regaining stability. The critical confirmation signal is the price breaking through the 200-day moving average, which will mark the start of a bull market. Currently, BTC's 200-day moving average is approximately $69,500. The next step is to wait for Bitcoin's price to break through and stabilize above the 200-day moving average; once this happens, the market will officially enter a bull market.