2nd of February Weekly recap

1 Graph of the week

Series of negative news in December put downward pressure and brought Bitcoin to a 15 month low. However, at that point 200 week moving average has been hit, for the third time in the past 4 years, which served as a resistance level and prevented price from falling further. Moving average with such a large period allows to see price action on a macro level and not be driven by availability bias.