The Investor Tool is a simple yet effective BTC price metric showing the potential for buyers to enjoy “outsized” returns.
Its creator, LookIntoBitcoin founder Philip Swift, aimed to deduce when BTC/USD is likely overbought or oversold. The metric uses the two-year SMA and its 5x multiple. The two lines are plotted against spot price and have historically performed well at catching both generational tops and bottoms. Now, BTC/USD is below the two-year SMA for the first time since March 2020, having crossed the line around one week before the Terra LUNA, now known as Luna Classic ,“Bitcoin Simple Moving Averages are edge when navigating bear markets,” Checkmate commented, adding that it had “entered the generational zone.”Hayes"more confident" of $25,000 bottom after LFG BTC sales
While Bitcoin bulls are hardly out of the woods at $30,000, the Investor Tool's readings strengthen a narrative that is only just beginning to emerge among analysts.
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XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.
XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.
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