The 200-Week Bitcoin Signal That Built 'Generational Wealth’ And Called Every Bottom Since 2015 Just Fired Again

Bitcoin's latest rebound is flashing a familiar long-term cycle signal even as spot buyers remain largely absent.

• The last three cycle bottoms for Bitcoin have seen similar moves from the 200-week average, said analyst Plan B. 
• CryptoQuant data showed futures demand has remained positive while spot demand has remained negative. 
• Traders are also watching this week’s CLARITY Act, FOMC, and Bank of Japan decisions before adding more leverage. 

Bitcoin (BTC) has broken away from the 200-week moving average for the fourth time in ten years said analyst Plan B on Monday. The last three times were all cycle bottoms and those who bought in those points made "generational wealth". 

However, this time the problem is who is buying. Spot demand is still negative, but CryptoQuant data shows the advance is running on futures positioning.

In his X post, crypto analyst PlanB set Bitcoin at $77,000 against a 200-week level of $65,000, a gap of about 18% by those figures. “Every cycle bottom happened when the rainbow turned blue,” said the analyst. The chart shows the Bitcoin price as a colored line above its 200-week average. The color tracks how far apart the two have drifted. Blue means the price has fallen back to the average.