Michael Saylor’s company, Strategy, is now closely monitoring bitcoin’s 200-week moving average, a key long-term support level that the cryptocurrency has historically respected.
If you’ve been tracking crypto markets, you’ve likely seen analysts flag bitcoin’s BTC$62,767.53 200-week moving average (200W MA) as a key inflection line where the broader trend can turn decisively higher. This line represents bitcoin’s average closing price over roughly four years.
Strategy is now tracking the same indicator, along with bitcoin’s premium (or discount) to that average. The firm's Founder, Michael Saylor, announced it on X on Sunday, reinforcing the long-term average as a pivotal level for traders and investors alike.
“We’re now tracking Bitcoin’s 200-week moving average and its premium to that level on http://Strategy.com. Since the 200W MA became available, Bitcoin has traded above it 92% of the time. Today, it sits almost exactly on the line,” Saylor said Sunday on X.
However, in the hours since the post, prices have come under pressure, likely over concerns about a delay in the passage of the long-awaited Clarity Act, which is expected to unlock a significant institutional bid for digital assets. According to reports, the Senate did not list the Clarity Act in Monday’s agenda.
