Glassnode has pointed out a bizarre consistency between the current and previous Bitcoin cycles in terms of a metric, here’s what.
Bitcoin Breaks Above 200-Day Simple Moving Average Line
A “simple moving average” (SMA) is an analytical tool that produces an average of any given quantity over a specific period of time. As its name already implies, it moves along with the quantity and changes its value accordingly.
SMAs can be quite useful for studying long-term trends, as they smooth out the curve and filter out any short-term fluctuations in the relevant quantity that have no bearing on the longer trends anyways. As is usually the case with tools like these, an SMA can be taken for any length of time, but a few periods like 7 days and 30 days generally find the most use.
According to data from the on-chain analytics firm Glassnode, BTC has spent 381 days under its 200-day SMA curve in this cycle. The 200-day SMA is an important line for BTC as both the bear-to-bull and vice versa

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