Bitcoin has a line in the sand that has saved every bull market since 2015
Bitcoin’s 11% slide last week may be the least of investors’ concerns. It’s a price of around $58,000, another 25% below current levels, they should be paying attention to.
While the largest cryptocurrency’s recent crash, the biggest weekly drop since March 2025, and inability to attract buyers has many holders worried about another so-called crypto winter, there’s still a painful journey before it reaches the possible silver lining that is the 200-week moving average (WMA).
The mean closing price of BTC over the past 200 weeks is a widely used long-term momentum indicator and a baseline for the traditional-four year bitcoin cycle. It has marked a market bottom in every previous cycle, and is currently at…
