Bitcoin Market Cycle Peaks Often Triggered by Price Crossing 200-Week SMA, Analyst Benjamin Cowen Highlights

Bitcoin’s market cycle has historically reached its peak when the price surpasses the 200-week Simple Moving Average (SMA) after exceeding the previous All-Time High (ATH). This insight, highlighted by trader Benjamin Cowen on the X platform, underscores a critical technical indicator for investors monitoring long-term trends. The 200-week SMA serves as a significant support and resistance level, often signaling major shifts in market momentum. Market participants should closely observe this metric to better understand potential turning points in Bitcoin’s price trajectory. Such data-driven analysis enhances strategic decision-making in the volatile cryptocurrency landscape, emphasizing the importance of integrating historical price patterns with current market dynamics for informed investment strategies.