BTC 2-Year MA Multiplier

Jul 08,2024
BTC current priceis between the 2-Year MA (2-year moving average) and the 2-Year MA x 5, which is suitable for continued holding. Current BTC Price:$58230.0 BTC Price(24%): 2.63% 2-Year Moving Average: $34496.35 2-Year Moving Average x 5: $172481.75 (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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