A challenge during this Bitcoin bull market is that retests of the 200-day moving average cloud have failed to act as clean support.

🔵 200-day EMA

🔴 200-day SMA

More often than not, price breaks below the cloud.

These have produced -8% to -15% pullbacks over the next ~30 days after the breakdown before finding a footing and recovering back above the cloud to initiate the next leg higher.

As the saying goes, "nothing good happens below the 200-day MA".

So, naturally, the inverse is that we need to see price recover back above the 200-day MA in order for good things to happen.

That's the trigger that I'll be paying attention for.

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