With the failure of FTX and the recent collapse of Bitcoin’s price, the 200-week moving average (MA) has been broken downward.
PlanB unwittingly pointed this out yesterday on Twitter by sharing a chart.
Darkest Blue pic.twitter.com/pYCG5YE9qC
— PlanB (@100trillionUSD) December 8, 2022
200-week MA
The 200-week MA is widely used in technical analysis because it roughly corresponds to the average price over the past 4 years.
There is even a special page on lookintobitcoin.com that reports this updated figure, so you can keep track of it every day.
Looking at this graph, you can see that since 2012 this line had never been significantly and continuously crossed downward.
On the contrary, in the previous four episodes, Bitcoin’s price had practically rested briefly on this line, only to rebound.
The first occurred between late 2012 and early 2016, that is, shortly after the first halving. It is probably not particularly significant, however, precisely because what happen
We współpracy z: https://en.cryptonomist.ch/2022/12/09/bitcois-price-200-week-ma/
