BTC 2-Year MA Multiplier

May 21,2023
According to KingData monitoring, BTC current price drops below the 2-Year MA (2-year moving average). Theoretically , it is a bottom buy signal, and buying Bitcoin will generate excess return. Current BTC Price:$26849.0 BTC Price(24%): -0.09% 2-Year Moving Average: $33291.13 2-Year Moving Average x 5: $166455.65 (Note: The above content is for your reference only, and does not constitute investment advice.)
The Bitcoin 2 Year MA Multiplier indicator is designed to be used as a long-term investment tool which highlights the periods in which buying and selling Bitcoin will generate great returns. The indicator uses the 2 Year Moving Average line (equivalent to the 730 day line, green line), and a 5x product of the moving average line (red line). Historically, when the price drops below the 2 Year Moving Average line (green), it is a bottoming buy signal and buying Bitcoin will generate excess returns. When the price goes above the 2-year MA x 5 line (red), it is a top sell signal and selling bitcoins will yield a large gain. (Note: The above content is for your reference only and does not constitute investment advice.)
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