TechFlow News, June 18: According to a CoinDesk report, Kraken’s Chief Economist Thomas Perfumo noted that historically, Bitcoin has offered significant long-term buying opportunities when it falls below its 200-week simple moving average (200-week SMA); past data shows median returns in this zone exceeding 100%. Recently, Bitcoin briefly dipped below the 200-week SMA twice within the past two weeks but quickly rebounded both times and reclaimed that level.
Historical data indicates that buying BTC near this level yields a median return of approximately 113% over the following year and 313% over two years. Since 2017, trading days with closing prices below this moving average have accounted for only about 10% of all days—but these instances typically correspond to “exceptionally attractive” long-term entry points. Past performance does not guarantee future results.
