200-Week Moving Average Multiple
BTCBitcoin price relative to its 200-week moving average, a durable cycle-bottom floor.
What it is
The 200-Week MA Multiple divides price by its 200-week (1,400-day) moving average, a line price has bottomed at or near in every past cycle. It anchors the bottom side of the read.
How it's computed
Divide price by the 200-week (1,400-day) simple moving average. It is log-normalized, and the long window means the leg only comes online after several years of history.
How to read it
The multiple approaches 1 at bottoms, since price has touched or neared the 200-week MA in every cycle, and rises to large multiples at tops.
At prior cycle extremes
Price has bottomed close to its 200-week MA in successive cycles (roughly 0.9 in 2015, 1.0 in 2018, 0.66 in 2022) and traded far above it at tops.
Related
Analytics, not advice. These metrics describe where market data sits in the cycle; they are not trading signals, price targets, or financial advice.