$BTC | Bitcoin closed below its AUD 200 week moving average this winter, June through August. That has happened only twice before since the AUD series began in 2016: March 2020, and the nine month 2022 to 2023 run. On the desk a third breach reads as rare, not a buy signal.
It already bounced out. SatoshiMacro's 200 Week MA Heatmap shows the 200WMA's four week rate of change back at 1.84 percent, Early Recovery band, price 8.7 percent above a 200WMA near AUD 101,559. Only 8.1 percent of days since 2016 closed under that line.
My read: recovery speed matters more than the dip. Honest limit, the 200WMA lags price by about 100 weeks, so it is cycle context, not a timing trigger.
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 #Bitcoin200WMA #CryptoCycle #Bitcoin
It already bounced out. SatoshiMacro's 200 Week MA Heatmap shows the 200WMA's four week rate of change back at 1.84 percent, Early Recovery band, price 8.7 percent above a 200WMA near AUD 101,559. Only 8.1 percent of days since 2016 closed under that line.
My read: recovery speed matters more than the dip. Honest limit, the 200WMA lags price by about 100 weeks, so it is cycle context, not a timing trigger.
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 #Bitcoin200WMA #CryptoCycle #Bitcoin