The 200-day moving average of BTC shows that the accelerated upward trend of BTC in the short and medium term is already equivalent to that of a bull.

The 1-year moving average of BTC shows that the accelerated upward trend of BTC in the short and medium term has already exceeded 2017 or 2019 and is close to 2021.

The BTC 2-year moving average shows that BTC is still in a bear market.

BTC’s 4-year moving average shows what is a bear market?

(After April 2021, BTC will obviously accelerate, showing the impact of the big water release. It will decelerate in 2022, showing the impact of water withdrawal. But after the deceleration, BTC is still growing faster than before 2020, which shows that the impact of the big water release is still there. . Although interest rates are high, the size of the Federal Reserve’s balance sheet and US M2 are still at a high level.)