Key facts
- Strategy, Michael Saylor's firm, is tracking Bitcoin's 200-week moving average.
- Strategy is also tracking Bitcoin's premium or discount to its 200-week moving average.
- Strategy holds approximately 843,775 bitcoin.
- The 200-week moving average has historically served as significant support for Bitcoin.
- Strategy has made this tracking data public.
Michael Saylor's company, Strategy, which possesses a substantial holding of around 843,775 bitcoin, has begun publicly monitoring the 200-week moving average of the cryptocurrency. This new tracking initiative also includes observing Bitcoin's premium or discount relative to this long-term trend line. Historically, the 200-week moving average has demonstrated its significance as a support level for Bitcoin prices. By making this data public, Strategy is providing a new analytical tool for investors and market observers interested in assessing Bitcoin's long-term valuation and potential support zones. This approach allows for a more granular view of Bitcoin's market position against its historical performance trends.