Bitcoin 200-Week Moving Average (Live)
The average price over the last 200 weeks. Bitcoin has only closed below it at the deepest bear-market lows.
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Price against its 200-week moving average on a log scale. The multiple of price to the line shows how stretched or cheap the market is.
Drag across the chart to zoom into any span. Reset zoom to go back.
The 200-week moving average is the slowest and steadiest of Bitcoin's trend lines. Averaging almost four years of price action, it barely reacts to short-term volatility and instead traces the long arc of adoption. Because it only ever rises, it forms a floor that climbs beneath the market.
What makes it notable is how rarely price has closed below it. Only at the deepest points of the 2015, 2018 and 2022 bear markets did Bitcoin trade under the line, and never for long. When price is pressing on the 200-week average, the market is at a level that has historically been about as cheap as it gets.
How far price sits above the line is itself a gauge. Large multiples have coincided with froth, while a multiple near one has coincided with generational lows.
The charts are public. The read is the edge.
These indicators are free for everyone. Inside the community you get the daily desk note that ties them together, alerts when price enters a cycle window, and the Satoshi Clock running on your own charts.
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