According to data from Barchart, Bitcoin has fallen to its 200-week moving average for the first time since 2023. For long-term crypto investors, that level is more than just another line on a chart. Historically, major Bitcoin bear markets have ended near the 200-week moving average, making it one of the asset’s most closely watched long-term indicators.

The timing may not be a coincidence that investors can afford to ignore.

Bitcoin’s Ultimate Support Test

Bitcoin’s previous encounters with the 200-week moving average have often come during moments of peak pessimism.

The cryptocurrency approached the level during the 2018 crypto winter and again following the industry turmoil of…

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