The 200 -week simple mobile average (200wma) For Bitcoin
Approach $ 50,000, which is currently at around $ 49,223, according to Glassnod data.
It is one of the very few bitcoin indicators that only done over time. The 200WMA has historically provided important levels of support. During the 2015 bear market, he offered support of around $ 200. During the 2018 bear market, it was more than $ 3,000. In the Krach induced by COVID-19 in March 2020, the price briefly dropped below 200WMA at around $ 5,300, although it finally fell as low as $ 3,000.
However, Bitcoin experienced an extended lowering market from June 2022 to October 2023, during which the price remained below 200WMA, which was around $ 25,000 for the 15 months.
Meanwhile, the simple 200 -day mobile average (200dma)A technical indicator widely used to assess transitions between the bulls and bear markets, is currently at $ 96,246, indicating that Bitcoin is on a bull market. The price fell below 200DMA between February and April, but remained above the recent correction at $ 98,000 in the Iranian and American conflict.
Historically, this average has proven to be a solid indicator of the conditions of the market and bear market. While the Nasdaq 100 and S&P 500 are new summits of all time, this momentum can be constructive for Bitcoin to also obtain an escape from new peaks of all time.
