BTC weekly close below 200WMA — first time this cycle
The 200-week moving average has flipped from support into resistance in every prior bear market, and BTC is now following the same path 2018 and 2022 traced on the way to a cycle bottom.
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The 200-week moving average has flipped from support into resistance in every prior bear market, and BTC is now following the same path 2018 and 2022 traced on the way to a cycle bottom.
The 200WMA at $62,400 is the line everyone watches, but every prior cycle bottom formed just under realized price, and whale cohort cost basis sits in the $49K to $54K band.