Buying bitcoin below its 200-week average has historically delivered over 100% in median returns, Kraken says
CoinDesk·
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Bitcoin briefly slips below its 200-week moving average for the second time in two weeks, a rare event that historically marks strong entry points for buyers, according to Kraken. This rare occurrence has delivered over 100% in median returns for buyers who made purchases below this average, indicating a potentially lucrative opportunity for investors in the market.
Bitcoin briefly slipped below its 200-week moving average twice in the past two weeks, a rare event that Kraken says has historically marked strong entry points for buyers.