Buying bitcoin below its 200-week average has historically delivered over 100% in median returns, Kraken says (opens original article in a new tab)

Kraken analysis shows buying bitcoin below its 200-week average has historically delivered over 100% median returns, with limited downside risk, though past performance is not a guarantee of future results.

• Bitcoin's dips below 200-week SMA have historically delivered median returns over 100% in a year
• Buyers at 200-week SMA level saw median 113% returns over one year and 313% over two years
• Median time to break even after buying below 200-week SMA was two days with 9% maximum drawdown
• Kraken's analysis notes past performance doesn't guarantee future results