meaning
Mayer Multiple (200D-SMA)
- The 200-day simple moving average is a popular technical indicator in technical analysis and is commonly associated with transition points between bull and bear markets.
- 200-Week Moving Average (200W-SMA) The 200-week Simple Moving Average provides a tool to capture the baseline momentum of the classic four-year Bitcoin cycle.
quick take
- The price has used the 200 WMA as support throughout all bear market cycles since Bitcoin’s birth. However, it fell below the support level following the TerraLUNA crash in June 2022.
- The 200 WMA is currently acting as resistance at $24,800.
- The 200 DMA was a good bear market indicator, but the price fell below the support each bear market cycle.
- Bitcoin regained its 200 DMA on Jan. 13 and is currently priced at $19,700.
Post Tech Prices: 200WMA vs 200DMA Approaching Key Resistance, CryptoSlate Shows First Support Levels.