Adam Back Flags Bitcoin’s 200-Week Average as a Structural Bull Signal
The post Adam Back Flags Bitcoin’s 200-Week Average as a Structural Bull Signal appeared on BitcoinEthereumNews.com. Bitcoin’s (BTC) 200-week moving average has climbed past $61,000. Blockstream CEO Adam Back flagged the threshold on May 30, weeks after noting the same indicator crossed $60,000 in early May. The indicator has risen roughly $1,000 in under a month, a pace that reflects steady absorption of supply by long-term holders at current price levels. A Rising Long-Term Floor The 200-week moving average smooths nearly four years of weekly Bitcoin closes. It has served as a support floor at each of Bitcoin’s prior cycle bottoms, and crossings of major thresholds draw sustained attention from long-term holders watching the structural trend. #bitcoin 200wma passed $61khttps://t.co/vaXgDsseQv pic.twitter.com/tsKH1369JZ — Adam Back (@adam3us) May 30, 2026 At the time of writing, BTC was trading well above this level. It maintained a significant gap between the spot price and the 200-w