{
  "$type": "site.standard.document",
  "bskyPostRef": {
    "cid": "bafyreidatdms2cqyj4rwcyjuzctuwboqjaetr7cczvlvdfpobtc4q7ixeq",
    "uri": "at://did:plc:up75bg3ctgfpxaxya5equosu/app.bsky.feed.post/3mlptl2paygh2"
  },
  "coverImage": {
    "$type": "blob",
    "ref": {
      "$link": "bafkreie5xkxdadez5h5bxdhxmzzci2wpqcntaie7bpgkm7nj3wb4f2qatq"
    },
    "mimeType": "image/jpeg",
    "size": 81418
  },
  "description": "The bitcoin price has neared the 200-day moving average for the first time since October.",
  "path": "/research/2026/05/bitcoin-nears-bull-market-as-price-tests-200-day-moving-average/",
  "publishedAt": "2026-05-13T08:00:54.000Z",
  "site": "https://www.bytetree.com",
  "tags": [
    "Subscribe now"
  ],
  "textContent": "## ByteFolio Issue 209;\n\n💡\n\nThis issue covers ****The CLARITY Act**** , ****Helium**** (HNT), and ****Hyperliquid**** (HYPE).\n\nBitcoin’s ByteTrend Score holds a 3. The price has neared the 200-day moving average for the first time since October. I sense resistance ahead, but progress has been good.\n\n### Bitcoin\n\nSource: Bloomberg\n\nBut you can’t say that Bitcoin is yet in a bull market because the price trades below the 200-day moving average, which is still falling. A confirmed bull could happen over the summer. But looking at the weekly chart, things look good. The 200-week MA is alive and well and sloping nicely. I like this chart.\n\n## Sign up for our research\n\nByteTree is a leading provider of high-quality investment research in traditional finance and crypto. Our experienced market professionals construct easy-to-follow, risk-managed model portfolios.\n\nSign Up\n\nEmail sent! Check your inbox to complete your signup.\n\nNo spam. Unsubscribe anytime.\n\n### Bitcoin Weekly\n\nSource: Bloomberg\n\nFrom the market, we have Bitcoin vs software, which dragged it down in the first place last October. Bitcoin is catching up, despite being a more volatile asset. In this case, that meant it fell harder during the bear.\n\n### Bitcoin in Software\n\nSource: Bloomberg\n\nBut one chart that puzzles me is Ethereum. It started performing in 2025, but despite a boom in tokenisation and stablecoins, it is lagging behind. A true bull market ought to bring the leading altcoins with it. Not yet.\n\n## Bitcoin and Ethereum\n\nFortunately, help is at hand as Saylor’s Strategy has returned to a premium. That implies high demand from investors, not only for Bitcoin, but all it stands for and its potential.\n\n### Bitcoin versus Saylor\n\nSource: Bloomberg\n\nIn terms of the Bitcoin halving cycle, we are still in the middle bit.\n\n### Bitcoin Halving Cycles\n\nSource: Bloomberg\n\nThe normal cycle ends very soon, and I sense this one has ended early, having started early. Bitcoin is calmer these days.\n\n### This post is for subscribers only\n\nBecome a member to get access to all content\n\nSubscribe now",
  "title": "Bitcoin Nears Bull Market as Price Tests 200-Day Moving Average",
  "updatedAt": "2026-05-13T08:00:54.800Z"
}