The analyst suggests that sovereign nations should accumulate Bitcoin when its price is at or below the 200-week moving average, implying a bullish stance at that price level.
Accumulating Bitcoin at or below its 200-week moving average is a strategic entry point for sovereign nations.
Sovereign nations should be accumulating $BTC at or below its 200 WMA
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -2.1% | -1.8% |
| 1 week | +5.0% | +2.9% |
| 1 month | -1.9% | -2.7% |
| 3 months | — | — |
| 6 months | — | — |