
Daan Crypto Trades|Feb 24, 2025 14:02
BTC Generally offers good buying opportunities when it's trading at/below its 2 year moving average.
A tool for determining previous cycle tops has been to take the 2 year moving average and multiply it by 5.
This marked the 2021 cycle top nicely. In the 2013 & 2017 cycles, price even traded above it.
While I think it's unlikely for BTC to reach this level again due to it's size and the market maturing, I think it can still be a decent tool to watch.
Still gives a good idea of where BTC is trading relative to the high timeframe extremes.
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