⚠️ATTENTION⚠️ $BTC
A KEY ON-CHAIN INDICATOR IS DETECTING THE FLOOR OF #BITCOIN
💥Just like in July 2022, it anticipated the end of the bear market… today it marks another critical transition.
What is this indicator⁉️
🔹It is called BTC Market Cycle Signals
🔹It divides the Bitcoin cycle into 3 phases using moving averages and monthly Bollinger bands
🔹It does not predict prices, but identifies structural moments of the cycle
- Distribution: when the price touches the upper band (euphoria)
- Capitulation: when it loses the 20-month average and moves towards the lower band (panic)
- Accumulation: when it approaches the lower band and technical conditions favor entering (opportunity)
📍If history repeats itself as in 2022, the price would be heading towards the accumulation band, located at $54,600
