Buying bitcoin below 200-week average yields 100%+ median returns

Bitcoin dips below its 200-week simple moving average have historically produced median returns over 113% in one year and 313% in two years, Kraken Chief Economist Thomas Perfumo told CoinDesk. Such closes have occurred on only about 10% of trading days since mid-2017. BTC recently traded at $63,900, just above the $62,358 200-week SMA.