The 200 WMA currently sits at just above $21,000, data from Cointelegraph Markets Pro and TradingView shows.
Global financial markets, however, are anything but unremarkable this month, as uncharted territory defines the current setup.
Inflation is a double-edged sword for Bitcoiners, the tide of rising prices and central bank reactions set to put serious pressure on both stocks and risk assets at first.
The impact of such buyer trends has yet to be seen in practice.
The result is a narrow scope of movement for BTC price action as buyers and sellers act in a closely-guarded range.