Daan Crypto Trades
Daan Crypto Trades 1 minutes reading from Bitcoin

Bitcoin's Price Is Now 22% Away From Its 200 Daily Moving Average

It has now been 351 days since BTC last touched it's 200 Daily Moving Average.

Price is still 22% away as we speak.

This is how long it took in previous bear markets 👇

2018: It took BTC 385 days before touching the 200 Daily Moving Average again.

2015-2016: It took BTC 310 days before touching the 200 Daily Moving Average again.

2011-2012: It took BTC 121 days before touching the 200 Daily Moving Average again.

Bonus: The longest time BTC went without touching the Daily 200 Moving Average during a bull market was in 2017.

Bitcoin traded above the Moving Average for a total of 547 days.

This post is based on this twitter thread.

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