Strive CEO: Bitcoin Reaching 200-Week Moving Average Is One of the Best Entry Points

BlockBeats news, November 13 — Matt Cole, CEO of Bitcoin treasury company Strive, posted that Bitcoin has now fallen to around $68,000, near its 200-week moving average. Historically, this has often been one of the best times for investors to increase their Bitcoin exposure. He admitted that Bitcoin's drawdowns and down years are very hard for many investors to endure, especially those not accustomed to its high volatility, but as a long-term Bitcoin believer, he has long been used to such cyclical fluctuations.

Despite the recent gloomy market sentiment, Matt Cole remains highly constructive on Bitcoin's outlook into 2027. He believes the current decline should not trigger panic but should instead be seen as a rare opportunity or even a "blessing." Long-term investors should learn to adapt to such violent volatility and view the current downturn as a window for creating additional value.