Even during a bull market, the price of BTC will often correct to the 20 week moving average. We do not know yet if we are in a bull market, but there certainly is a good chance we are in the beginning stages of one, and that hindsight will elucidate this. We dive into macro-level trends of the closing price divided by the 20 week moving average. We then taking the natural logarithm of this metric to further explore long-term trends.
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