CoinDesk·3 min read·medium
Michael Saylor’s Strategy is now tracking bitcoin’s 200-week moving average
O
Omkar Godbole
✦AI Summary
Michael Saylor’s firm, Strategy, has begun tracking Bitcoin’s 200-week moving average on its website to provide investors with a long-term technical indicator. The move comes as Bitcoin prices hover near this key support level, which has historically served as a significant indicator for market trends.
Strategy is now tracking the same indicator, along with bitcoin’s premium (or discount) to that average. The firm's Founder, Michael Saylor, announced it on X on Sunday, reinforcing the long-term average as a pivotal level for traders and investors alike.
businesscryptoeconomy
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