Bitcoin 2 year MA Multiplier Today vs. ThenQuick idea, both times prior to breaching the upper band on the 2y MA Multiplier, we tapped somewhere near the top of it, retraced for a bit and then blew above it before finally capitulating. Let's see if it happens a 3rd time. Note that a difference with this time is that we retraced near the bottom of the lower band. However, this actually could be seen as a sign of strength, considering we breached below it twice before moving towards the upper band, the 2nd breach was short lived, and if we don't breach it this time, we could see it as a long term series of higher lows.
2yearma
BTCUSD: Two & Four Year MA's Claim It's Time To AccumulateBitcoin has now entered the accumulation phase between the 2 & 4 Year MA's, represented by the 730 & 1460 MA's. As highlighted in green, this investment strategy has historically been the best tie to accumulate BTC for the long-term 4-year cycle, for 2014/2015, as well as 2018/2019.
The forecasted extrapolation is merely an example of where the price may consolidate in the coming months, but is far from a price target. The reference here is the accumulation phase is currently between $4650 and $7750, which may last only a matter of weeks, but historically lasts for a considerable amount of time, such as in 2014-2015 where there was an 11-month period of price consolidation and therefore accumulation.
Time to BTFD.
Related bearish shorter-term analysis confirming lower lows to come:
Miner Capitulation Is Here... Back Down To $3,800?
Also see Parts of Bitcoin repeating history TA series for bearish analysis: