According to CoinMeta, the price of Bitcoin has broken through a key resistance level that has historically indicated a major bull market. The latest trading price is around $81,450, while the 50-week moving average is $78,115. For the first time since September 20th, Bitcoin closed above its 50-week moving average, signaling that the bear market phase may have come to an end, and a new upward trend is on the horizon. Over the past week, Bitcoin has risen by nearly 6%, with a rebound of 29% in the past 35 days. Galaxy Research, the person in charge of Alex Thorn, stated that this breakthrough could be an important confirmation of a market reversal.