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The following is a free, full excerpt from a recent issue of Bitcoin Magazine Pro, The Bitcoin Magazine Premium Markets Newsletter. To be among the first to get these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

In today’s Bitcoin Magazine Pro, we will be covering the historically significant 200-week moving average, as well as weekend price action and derivatives market action.

Bitcoin is currently below its 200-week moving average, which has only happened four times in Bitcoin’s history and marks significant cyclical bottoms, but none have occurred in the unique economic situation we find ourselves in today. While today and this past weekend will likely look like prime accumulation opportunities five years from now, it’s hard to conclude that the worst is over and things are only picking up from here, with potentially more cryptocurrency-related contagion and macro headwinds. Notwithstanding the ugly macro backdrop (which the market has no doubt been pricing in over the past six months), simply looking at the 200-week moving average to frame Bitcoin accumulation has served past market participants very well.

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