Analyst QuintenFrancois called the 200-week moving average as the likely bottom back in February — a prediction that drew heavy criticism at the time, with many forecasting $BTC would drop below $50K.
The market has since validated his stance. Critics who mocked buyers during the dip have either gone quiet or flipped bullish, conveniently forgetting their earlier bearish calls.
The 200WMA has historically served as a key support level in previous cycles.
The market has since validated his stance. Critics who mocked buyers during the dip have either gone quiet or flipped bullish, conveniently forgetting their earlier bearish calls.
The 200WMA has historically served as a key support level in previous cycles.