70842319 d7f7 41b1 ada9 4c5f796a10d0Analysts at the crypto exchange Kraken are looking at Bitcoin’s historic price action to determine where the top crypto asset may be heading in the long run. A new report from Kraken Intelligence uses Bitcoin’s 200-week moving average as a crystal ball. Specifically, Kraken looks at the multiples that BTC has traded at relative to its 200-week moving average in the past. BTC is now trading close to its 200-week moving average of about $21,498, and a chart from Kraken shows that when Bitcoin’s price has previously dropped to 1x of its 200-week moving average – big rallies have often

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Author: NixCoin

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