Picture this: Bitcoin’s 200-week moving average (that’s fancy talk for a super-long-term trend line) just cruised past $48,000 for the first time. And no, this isn’t a drill. According to Blockstream CEO Adam Back, the “long-term indicator” (fancy term for a line that tries to tell you when to buy high and sell low) has finally made it over the big number.
It managed to add a whole $1,000 in less than a month after sneaking past $47,000 on May 15. Because nothing says ‘stability’ quite like a rollercoaster that’s been on a caffeine rush. This indicator is basically the market’s version of that wise old uncle who’s seen it all and still advises you to buy low, sell high—although nobody actually does that.
The 200WMA is like that weird supportive friend who always shows up just when you need it, acting as a support level during those “oh no, everything’s crashing” moments. Remember March 2020? When the market decided to have a full-blown meltdown? Bitcoin dipped below this line — briefly—but then said, “Nah, I’m good,” and bounced back, like a champion. Those dips are often just a flash of chaos before things get better (or worse, but mostly better for the brave).
So, many believe that this 200WMA is basically the fortress wall for Bitcoin’s price — the ultimate floor, the bottom, the ‘Please don’t go below this or I’ll cry’ line. It’s like the Pokémon’s Hyper Potion, but for crypto investors.
Flash forward to late May, when Bitcoin decided to throw a party and hit an all-time high of $112,000. Since then, it’s been a bit of a “we’re still friends, but maybe not as close” kind of situation, giving up some of those shiny gains. But hey, as any investor knows, it’s all just the calm before the next possible chaos—or the next giant leap. Stay tuned, and keep your eyes on that line. 🚀🤷♂️
Read More
- Best Awakened Hollyberry Build In Cookie Run Kingdom
- AI16Z PREDICTION. AI16Z cryptocurrency
- Best Mage Skills in Tainted Grail: The Fall of Avalon
- Tainted Grail the Fall of Avalon: Should You Turn in Vidar?
- Nintendo Offers Higher Margins to Japanese Retailers in Switch 2 Push
- Nintendo Switch 2 Confirms Important Child Safety Feature
- Nintendo May Be Struggling to Meet Switch 2 Demand in Japan
- Top 8 UFC 5 Perks Every Fighter Should Use
- Nintendo Dismisses Report On Switch 2 Retailer Profit Margins
- Nvidia Reports Record Q1 Revenue
2025-06-06 09:18