The 50-week itself is rolling lower toward roughly 70K into year-end.
The 50-week itself is rolling lower toward roughly 70K into year-end. Chart of the Day covers why sideways price alone can reclaim the average in coming weeks, how long 2012 and 2020 spent underneath, and why a 1% miss keeps a snap-back reclaim on the table.
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Chapters:
00:00 Bitcoin’s First Weekly Close Below the 50-Week
00:35 What Happens When a Reclaim Slips
01:04 2012 and 2020: The Only Two Prior Slips
01:47 Neither Slip Made a New Cyclical Low
02:18 NVIDIA News and a Cross-Market Sell-Off
02:49 Rhyming With 2012’s Relief-Rally Exhaustion
03:39 A Full 2012-Size Retrace Points Near 70K
04:40 Why a Fast Reclaim Still Matters
05:52 Both Historical Lenses Fit Today’s Tape
07:31 A Drawn-Out Retrace in a Maturing Market
08:54 The Falling 50-Week Comes Down Toward Price
10:25 How Long Under the Average Before It’s Severe
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