Michael Saylor Posts ‘Bitcoin Drive Engaged,’ Highlights 200-Week Moving Average as Key Bitcoin LevelMichael Saylor has drawn fresh attention to Bitcoin’s long-term technical structure after highlighting the cryptocurrency’s 200-week moving average and posting “Bitcoin Drive engaged” on X. Strategy’s dashboard showed Bitcoin around $63,498 against a 200-week moving average near $63,476, leaving the cryptocurrency almost exactly at the level. Bitcoin 200-Week Moving Average Comes Into FocusThe 200-week moving average tracks Bitcoin’s average closing price over roughly four years. Bitcoin has traded above its 200-week moving average 92% of the time, underscoring the level’s historical significance as long-term support. Bitcoin Outlook Remains Tied to Long-Term SupportThe focus on the 200-week moving average comes at a sensitive point for Bitcoin.