Bitcoin: The Importance of the 50 Week Moving Average

"earlier this year when we were talking about that if Bitcoin can hold above the 2024 high and hold that 50we estimate as support on the weekly time frame, then the next rally should be able to take us to new all-time highs"

"If I were to guess we'll hit it again probably sometime in the next year, I mean it could be as soon as Q3... at some point over the next year, we'll probably see ourselves back at the 50we SMA."

"And if it happens in the midterm year specifically, there's a higher likelihood that it would just be a dead cat bounce, right?"

"I made this same argument back in in, you know, early 2025. I said, 'Look, the time to derisk was during the new administration change on January 20th. We talked about January 20th likely marking a local top.'"

"I think there's a decent chance we'll at least test that bull market support band."

"even if it were to go down here in Q3, there's a decent chance it would bounce right back up a little bit later on in potentially in Q3, just like it did the last couple years"

"2026, if history is any indication, could very well be uh a bare market."