Michael Saylor’s Strategy is now tracking bitcoin’s 200-week moving average
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.
Why it matters
As one of the largest corporate holders of Bitcoin, Strategy's public focus on specific technical indicators can influence market sentiment and investor behavior regarding digital asset valuations.
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.
“We’re now tracking Bitcoin’s 200-week moving average and its premium to that level on http://Strategy.com. Since the 200W MA became available, Bitcoin has traded above it 92% of the time. Today, it sits almost exactly on the line,” Saylor said Sunday on X.
However, in the hours since the post, prices have come under pressure, likely over concerns about a delay in the passage of the long-awaited Clarity Act, which is expected to unlock a significant institutional bid for digital assets. According to reports, the Senate did not list the Clarity Act in Monday’s agenda.
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