Michael Saylor's firm, Strategy, is now actively tracking Bitcoin's 200-week moving average, a crucial long-term support level historically significant for the cryptocurrency.
By Omkar Godbole Aug 3, 2026, 5:07 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Saylor's Strategy tracks BTC's 200-week average. (Strategy)SummaryShow- Strategy, which is under the leadership of Michael Saylor and possesses around 843,775 bitcoins, is now officially monitoring Bitcoin's 200-week moving average as well as its premium or discount, highlighting the significance of this level for market participants.
- Currently, Bitcoin is priced near $63,000, slightly below its 200-week moving average of approximately $63,770, a long-term trend line that has served as effective support in the past.
For those following the cryptocurrency market, Bitcoin's BTC$62,751.69 200-week moving average (200W MA) has been flagged by analysts as a crucial point where the overall trend could shift upwards. This average reflects Bitcoin's closing price over the last four years.
Strategy is now also observing this indicator, along with Bitcoin's premium or discount relative to it. Michael Saylor, the founder of the firm, shared this development on X, emphasizing the long-term average as a critical reference for traders and investors.
“We’re now tracking Bitcoin’s 200-week moving average and its premium to that level on http://Strategy.com. Since the 200W MA became available, Bitcoin has traded above it 92% of the time. Today, it sits almost exactly on the line,” Saylor stated on X.
However, shortly after this announcement, Bitcoin's price faced downward pressure, likely due to worries regarding a potential delay in the passage of the anticipated Clarity Act, which is thought to be pivotal for increasing institutional interest in digital assets. Reports indicate that the Senate did not include the Clarity Act in its agenda on Monday.
This has resulted in Bitcoin trading around $63,000, slightly below the 200-week simple moving average, which stands at $63,770, according to CoinDesk data.
Market participants frequently utilize moving averages to assess broader trends while mitigating daily price fluctuations. These indicators can sometimes create self-fulfilling prophecies, especially when prominent entities like Strategy highlight them. Currently, Strategy holds 843,775 bitcoins, valued at approximately $53 billion.
Commonly observed averages, such as the 50-, 100-, and 200-day (and their weekly counterparts), often act as resistance levels where selling occurs or as support zones where demand consistently manifests.
The 200-week average is a prime example of the latter, historically serving as a point where prior bear markets have lost momentum after prices dipped to or below it.
According to an analyst at Kraken, purchasing Bitcoin when it trades below this average has historically yielded median returns exceeding 113% over a year and 313% over two years.
Whether this trend will continue remains to be seen.
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