Analysis: Buying Bitcoin after it falls below the 200-week moving average has historically yielded a median return of over 100%

According to CoinDesk, Kraken's Chief Economist Thomas Perfumo pointed out that historically, Bitcoin has often provided significant long-term buying opportunities when it falls below its 200-week simple moving average (200-week SMA), with past data showing that the median return during this period exceeds 100%. Bitcoin recently briefly fell below the 200-week average twice in the past two weeks, but subsequently rebounded quickly and regained that level.