Bitcoin has reached a new milestone in its long-term price foundations, as its widely watched 200-week moving average (200WMA) climbed above $65,000. This key support level, calculated over the span of four years, is now at its highest point ever recorded. Adam Back, CEO of Blockstream—a leading blockchain technology company—highlighted the significance of this development by sharing updated market data sourced from Look Into Bitcoin. The 200WMA rose from $64,000 in August to its new peak in just one month, surpassing the $65,000 mark.