Bitcoin Bear Market = $45,000

This chart uses the 4 year SMA as a price reference and determines the cycle phase (with colors) based on the current BTC price.

Historically, each bear market bottom has coincided with the 4 year SMA, which is now set around $45K.

The chart also highlights when the market is overheating or undervalued.

During first cycles, Bitcoin surpassed the 10x multiplier level, but this has been declining over time.

The last bull cycle peaked at a 6x multiplier, while this cycle has only reached 2.5x, which remains a relatively low value for a cycle top.

This chart clearly illustrates the hypothesis that market tops are getting lower and bottoms are getting higher over time.

Volatility appears to be steadily decreasing as the market matures.#BSCTrendingCoins #GoldPricesSoar #MarketPullback #BinanceLaunchpoolGUN #BSCProjectSpotlight