Buying bitcoin below its 200-week average has historically delivered over 100% in median returns, Kraken says
Bitcoin briefly slipped below its 200-week moving average twice in the past two weeks, a rare event that Kraken says has historically marked strong entry points for buyers.
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Summary
- Bitcoin’s brief dips below its 200-week average have historically delivered median returns in excess of 100% over a year, according to Kraken.
- The pain of holding through these periods has been minimal.
