Bitcoin dipping below the 200-week MA again – time to accumulate or panic?

I’ve been watching this level since the 2020 run. Every time BTC dips under the 200-week moving average, it’s historically been a solid accumulation zone. Right now we’re sitting at extreme fear (15 on the fear/greed index) and BTC is up just 1% in 24h, barely bouncing. That’s exactly the kind of quiet despair that usually precedes a longer-term bottom.

I remember 2022 when we broke below it – everyone screamed “this time is different.” Then we rallied 200% over the next couple years. Not saying it’s a guaranteed copy-paste, but the on-chain signal is the same. Fidelity just put out a piece rebutting the claim that Bitcoin becomes less secure after halvings, which aligns with the fundamental thesis.

If you’re a long-term holder