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I saw an indicator today.
Two-Year MA Multiplier Indicator
Breaking below the green line means a bear bottom.
The past three rounds indicate that breaking through the red line means the bull market is at its peak.
What puzzles me is that this round of the red line is at 340,000 dollars.
Are we really going to reach 340,000? That doesn't seem scientific.
However, I have seen a trend.
Each round is closer to the red line.
The last round didn't touch at all.
In 2013, the red line price was three times, in 2017 it was two times, and in 2021 it was equivalent.
Is this round half of 170,000?