Bitcoin's Next Move

BTC and the 200dma

"BTC has now held above its 200-day moving average for 83 days, tracking toward a 90-day return of 8%. Looking back to 2015, instances in which BTC reclaimed its 200-day moving average following a sustained downtrend have tended to show relatively consistent 180-day forward returns, ranging from 53% to 61%, with an average of 57%. While the historical sample is limited, from a longer-term perspective, the observation may still offer a useful reference point for assessing the current setup relative to prior cycles."