As we can see, the 50, 100, and 200 day moving averages were solid support points throughout 2017. Once Bitcoin touches the 200 day moving average (at a rate of less than once per year) historically it rebounds very, very strongly.
Edit: Made a typo. The orange text description should say "50 day moving average". Sorry!
Edit: Made a typo. The orange text description should say "50 day moving average". Sorry!
