en.bitcoinsistemi.com
Cryptocurrency exchange Kraken has stated that Bitcoin ($BTC) has entered a significant buying zone for long-term investors. According to recent analysis, the Bitcoin price hovering near the 200-week simple moving average (SMA) presents a picture historically associated with strong buying opportunities.
Kraken’s assessment highlighted that the 200-week moving average is one of the most important technical indicators measuring Bitcoin’s long-term uptrend. It noted that the $BTC price briefly dipped below this level twice in the last two weeks, but recovered by climbing back above the average towards the end of the week.
According to the analysis, it is quite rare for Bitcoin to close below the 200-week SMA level on a weekly basis. Kraken points out that such closes have historically occurred in very limited numbers, and that this level is closely watched by long-term investors.
According to data shared by the company, investors who bought Bitcoin in these regions in past cycles have achieved significant returns. Examining historical performance, purchases made around the 200-week moving average yielded a median return of over 113% at the end of one year. From a two-year investment perspective, the median return exceeded 313%.
Experts remind us that past performance does not guarantee future results, while emphasizing that the 200-week moving average remains critical to Bitcoin’s long-term valuation model.
Market participants believe that macroeconomic developments and central bank monetary policies will be decisive in determining the direction of Bitcoin in the coming period.
*This is not investment advice.