The 200-week moving average is one of the most critical macro indicators for Bitcoin, serving as the definitive divide between bear market capitulation and long-term accumulation. While BTC’s price movements are notorious for their sudden, dramatic swings, history shows that the 200 WMA technical indicator has stood out with remarkable consistency.
Furthermore, all liquidity below the range lows (RLs) has been swept. The recent drop followed a higher high (HH) on the 3-day chart, and now BTC sits right at the RLs, an ideal zone where a higher low (HL) could confirm a continuation pattern.
