BTC Testing its Weekly 200MA for the first time since late 2023. Generally, the weekly 200MA is seen as a good value region for long term spot buys. Historically, it never closed considerably below it until the 2022 bear market. In 2022 it traded below it for about ~9 months and went -30% deeper at the lowest point. Funnily enough, in 2022 price also visited the weekly 200MA in June, about 7 months after topping out. It has been 8 months now.(Daan Crypto Trades)