Michael Saylor’s Strategy is now tracking bitcoin’s 200-week moving average
Michael Saylor’s company, Strategy, is now closely monitoring bitcoin’s 200-week moving average, a key long-term support level that the cryptocurrency has historically respected.
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Summary
- Strategy, led by Michael Saylor and holding roughly 843,775 bitcoin, is publicly tracking bitcoin’s 200-week moving average and its premium or discount, underscoring the level’s importance for traders.
- Bitcoin is trading near $63,000, slightly below its 200-week moving average of about $63,770, a long-term trend line that has historically acted as strong support.
