The Mayer Multiple (200D-SMA)
The 200-day simple moving average is a common technical indicator in technical analysis, commonly associated with the transition point between a bull and bear market. The 200-Week Moving Average (200W-SMA) The 200-week simple moving average provides a tool to capture the baseline momentum of a classic four-year Bitcoin cycle.
Throughout every bear market cycle since Bitcoin’s inception, the price has used the 200 WMA as support. However, it fell below the support level after the TerraLUNA crash in June 2022. The current 200 WMA acts as resistance at $24,800. While the 200 DMA has been a great indicator of bear markets, as price has dipped below support every bear market cycle. Bitcoin recovered the 200 DMA on January 13, currently priced at $19,700. Technical pricing models: (Source: Glassnode)
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