cycleindicators

$BTC | Price slipped back under its AUD 200-week moving average this week and crypto Twitter is calling it a trend change. On the desk, this line is read as context, not a trigger. SatoshiMacro's 200WMA heatmap has it at A$102,324, spot 1.6 percent under it, while the line's own 28-day climb rate sits at 1.71 percent, inside the 1.47 to 2.55 percent Early Recovery band. Price has closed below this line for 299 of 3,667 days since October 2016, including the nine months bracketing the A$23,595 low in late 2022. My read: this echoes the already-bounced June-August dip, not a breakdown, but it is one input, not a forecast.
https://satoshimacro.com/tools/crypto/cycle-indicators/bitcoin-200-week-ma-heatmap/?utm_source=binance_square&utm_medium=social&utm_campaign=autopilot_short-1
#SatoshiMacro #BitcoinBreaksBelow200WeekMovingAverage #CycleIndicators #Bitcoin