$BTC four-year cycle total engraving series 69】

15–16 year bull market recovery phase: after the coin price broke above the orange line, it stayed around the orange line for 6.8 months

2023 bull market recovery phase: after the coin price broke above the orange line, it stayed around the orange line for 6.5 months

Current: the coin price has been above the orange line for 0.9 months

┌─ 🐼 Indicator details ─┐

Orange line: TMMP (True Market Mean Price). It measures the average buy-in cost of actively circulating bitcoins in the secondary market