Bitcoin faces key resistance with 365D-SMA, 200W-SMA at $25k

Definition

Yearly Moving Average (365D-SMA) 

The 365-Day Simple Moving Average provides a long-standing baseline for high-time-frame market momentum.

The 200 Week Moving Average (200W-SMA) 

The 200-Week Simple Moving Average provides a tool capturing the baseline momentum of a classic 4-year Bitcoin Cycle.

Quick Take

• The 365D-SMA is currently priced at $25,142, while the 200W-SMA is priced at $25,103, key resistance levels for Bitcoin.
• Bitcoin fell below the 200W-SMA during the Luna collapse in June, while it fell below the 365D-SMA in January 2022.
• Bitcoin has fallen below the 365D-SMA in all prior bear markets, but the 2022 bear market cycle saw Bitcoin below the 200W-SMA for the first time.
• The 365D-SMA and 200W-SMA have never crossed over; they are separated by $40.

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