Adam Back says Bitcoin’s 200-week moving average has crossed $66,000. Price is near $84,750, about 28% above that level. the 200-week average is the mean of the last four years of weekly closes. It moves up when a new week replaces an older, cheaper one. Crossing $66,000 means that long average has caught up with the 2024 and 2025 prices. It is not a new buyer stepping in. it is also not a floor that has held all cycle. Bitcoin closed below it in the week ending August 16, after trading on it in June and July. The 2022 bear market tagged it too, near $20,000. Long holders have bought it. Price has still finished under it. $66,000 is the average. $84,750 is the price. A weekly close back under $66,000 would be the second break this year. A hold above it keeps the long trend intact. The gap is about 28%. That is the number. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $ETH #Macro Insights#
