Buying bitcoin below its 200-week average has historically delivered over 100% in median returns, Kraken says
Hex37's read
- Bitcoin briefly fell below its 200-week moving average recently.
- Kraken notes this is a rare event historically.
- Such dips have historically led to significant buyer entry.
- Past instances saw median returns exceeding 100%.
What it means for traders
- The 200-week MA breach suggests a potential long-term buying opportunity for BTC.
- Traders may consider accumulating BTC on dips below this key technical level.
Affected markets
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