No matter which indicator you look at, they all show that 80,000 to 85,000 is the real watershed for this round.
First, look at this Investor Tool. The red line is called the Investor Bottom, which is essentially the two-year moving average. Historically, when the price falls below this line, it enters a deep value zone. The major bottoms in 2015, 2018, and 2022 were all below this line. Right now, this line is just above 80,000, while the price is still slightly below it. In other words, according to this indicator, we haven't truly exited the accumulation zone yet.
Now overlay other lines:
365DMA, 80,000 to 82,000.
50-week moving average, 81,000 to 82,000.
The rebound in May this year was exactly pushed back at 82,400.
The average cost of the ETF group is 84,700.
Four lines with completely different logics are all squeezed into the same range. This is definitely not a coincidence.
Currently, BTC is at 78,800, and in the past few days, it has been pushed back several times above 80,000, with a high touching 81,300.
So what to do?
1. Break above and hold steady; 84,000 to 86,000 is just ahead, and the bull market will be officially confirmed.
2. Fail to break above, then it remains a box range between 70,000 and 80,000. The 200WMA takeover plan I mentioned in my previous article remains valid
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