Michael Saylor said in a post on X that Strategy.com has begun tracking Bitcoin’s 200-week moving average and the premium of BTC relative to that level. He added that since the 200-week moving average became available, Bitcoin has traded above it 92% of the time. According to his post, Bitcoin’s price today is almost exactly at that line. The update focuses on one of the market’s longer-term reference indicators and how Bitcoin is trading against it at the moment.
Michael Saylor said in a post on X that Strategy.com has started tracking Bitcoin’s 200-week moving average, along with BTC’s premium relative to that level.
He added that since the 200-week moving average became available, Bitcoin has traded above that line 92% of the time, and that today’s price is almost exactly on it.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
