Bitcoin enthusiasts have witnessed a significant development as a crucial long-term threshold has been surpassed in the cryptocurrency market. The 200-week moving average, recognized as a fundamental long-term support indicator for Bitcoin, has climbed past the $65,000 mark. The latest data revealed by Blockstream CEO Adam Back highlights this noteworthy level. According to the shared chart based on Look Into Bitcoin data, the 200-week average, which hovered around $64,000 in August, managed to reach a new peak within just a month.