Strategy Adds 200-Week Moving Average Tracker to Dashboard
Strategy, led by executive chairman Michael Saylor, has added a new metric to its dashboard. The company is now tracking Bitcoin's 200-week moving average and its premium to that level.
The 200-week average has long been seen as a floor signal for Bitcoin bulls, marking the end of past bear markets and rarely getting broken to the downside for long.
Bitcoin broke below its 200-week average for the first time since 2022 earlier this year, but has since clawed back toward that line, trading around $62,500 as of press time.
Saylor has continued to signal more buying alongside the new tracker. He posted 'Bitcoin Drive engaged' alongside Strategy's acquisition tracker yesterday, fueling speculation the company would announce another Bitcoin purchase.