Bitcoin: Accumulate at 200-Week MA

Bitcoin traders accumulate when price hits the 200-week moving average and sell one to two years later, states @CryptoMichNL citing repeated cycle history.

Price sits at $62819.4 inside Bollinger Bands with upper resistance at $63686.27 and lower support at $61767.98; the neutral RSI(14) of 56.37 combined with EMA50 support at $61822.2 and EMA200 overhead at $64410.2 plus the MACD death cross signals a measured retracement to the 50-EMA before continuation, reinforcing the long-term BTC price prediction and Bitcoin accumulation strategy that has defined the past 12 months.