Michael Saylor’s Strategy tracks bitcoin’s 200-week moving average

Strategy is now tracking bitcoin's 200-week moving average (200W MA) and its premium to that level. Founder Michael Saylor announced this on X, emphasizing the 200W MA as a crucial indicator for traders and investors. Currently, bitcoin is trading near 63000 dollars, slightly below the 200W MA of 63770 dollars. The 200W MA has historically been a significant level, with bitcoin trading above it 92% of the time since its availability. Recent price pressure is attributed to concerns over delays in the Clarity Act, which could impact institutional interest in digital assets. Strategy holds 843775 bitcoin, valued at approximately 53000 million dollars. Analysts note that moving averages like the 200W MA often serve as support levels, where previous bear markets have stabilized. Buying bitcoin at a discount to this average has yielded median returns of over 113% in 12 months and 313% in two years, according to Kraken's analyst.

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