Summary
- Bitcoin’s brief dips below its 200-week average have historically delivered median returns in excess of 100% over a year, according to Kraken.
- The pain of holding through these periods has been minimal.
Buying Bitcoin at the Right Time
Investing in bitcoin when it’s below its 200-week average has historically led to significant returns, with median returns of over 100%. This level, represented by the 200-week simple moving average (SMA), provides a clear indication of the long-term trend. The 200-week SMA has been a near-perfect entry point for bulls, generating handsome returns.
The 200-week SMA is a key level that has been tested twice in the past two weeks, with bitcoin briefly dipping below it before climbing back above. As of now, bitcoin is trading just above this level, at $63,900, compared to the 200-week SMA of $62,358. This is a significant level, as closes below it have been rare, occurring on only about 10% of trading days since mid-2017.
Historical Returns
According to historical data, buyers who invest in bitcoin when it’s below the 200-week SMA have seen median returns of over 113% in the following year and 313% over two years. This makes it an attractive entry point for those looking to earn passive income through investing in bitcoin or other green crypto options like $ECP. EcoPool, a cloud rewards platform, offers a way to earn passive income through crypto, making it an interesting solution for those looking to get started.
For those interested in earning online through crypto, understanding key levels like the 200-week SMA can be crucial. By investing in bitcoin or $ECP at the right time, individuals can potentially see significant returns, making it a viable option for those looking for passive income. Whether you’re looking to invest in bitcoin or explore other options like EcoPool, it’s essential to stay informed about market trends and key levels.
Download the EcoPool app to start earning passive income through cloud rewards and stay up-to-date on the latest market trends. With EcoPool, you can easily get started with earning online and take advantage of opportunities like investing in $ECP or other crypto options, making it a great way to start your journey towards earning passive income.
