Analyst: Bitcoin's 200-week moving average is a cycle bottom indicator, holding above it may start a new bull market

PANews June 27 news, analyst Ai, reviewing Bitcoin's ten-year cycle trend, stated that the 200-week simple moving average is a core indicator for determining Bitcoin's cyclical macro bottom. Historically, every time the price touched or fell below this moving average, it presented a long-term low-price accumulation window, followed by a substantial upward trend.

Historical data shows that after touching the moving average in 2015, 2018, 2020, and 2022, Bitcoin recorded gains of 8,500%, 267%, 1,125%, and 680% respectively. Currently, Bitcoin's 200-week moving average price stands at $63,500, and the coin price is trading below $60,000, having already entered the long-term value accumulation zone.

The analyst also warned of short-term pullback risk, noting the market could retrace to $54,000, and in extreme conditions could drop to $40,000, making a dollar-cost averaging (DCA) strategy suitable for building positions gradually. $63,500 is the key bull-bear dividing line. If the coin price regains a foothold above this moving average, it may signal the start of a new bull market.

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Author: PA一线

This content is for market information only and is not investment advice.

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