Bitcoin breaks multiple key resistance levels on path to $26K Definition
- The 200 Week Moving Average (200W-SMA) ๐ด The 200 Week Simple Moving Average provides a tool capturing the baseline momentum of a classic 4 year Bitcoin Cycle.
- Yearly Moving Average (365D-SMA)ย ๐ตThe 365 Day Simple Moving Average provides a long standing baseline for high time-frame market momentum.
- ๐ตย Long-Term Holder Realized Priceย reflects the average on-chain acquisition price for coins held outside exchange reserves, which have not moved within the last 155-days. These reflect theย least probable coins to be spent on any given day.
Quick Take
- Bitcoin surpasses $26,000 and, on the way, broke multiple resistance levels.
- The 200 WMA was at $25,277.
- The 365 DMA was at $24,448.
- Long-term holder realized price at $21,958.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
