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Bitcoin Smashes Through 200WMA Barrier—Bull Market Just Getting Started?
Bitcoin Smashes Through 200WMA Barrier—Bull Market Just Getting Started?
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Bitcoin’s realized price just bulldozed past its 200-week moving average—a classic bull signal that’s got traders buzzing. Here’s why this isn’t just another fakeout.
The breakout that matters
When BTC’s realized price (that sneaky metric tracking the average cost basis of all coins) vaults above the 200WMA, history says one thing: buckle up. Past cycles saw this trigger rallies that made even Wall Street bonus pools look modest.
Why traditionalists are sweating
While goldbugs and bond traders cling to their spreadsheets, Bitcoin’s latest move screams institutional FOMO. The 200WMA breach isn’t technical noise—it’s the market voting with its wallet. Again.
Cynical footnote: Meanwhile, your bank still pays 0.01% on savings accounts.
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