Today is Bitcoin's monthly and EOY close
- Current
$BTC price: $87,539
- 21m EMA on Bitstamp: $87,047
When you zoom out and study 14 yrs of BTC price history, one signal consistently stands above everything else, the relationship between Bitcoin and the 21 month EMA. It's been the structural dividing line between an expansionary or deep corrective phase and historically, Bitcoin has respected it with almost absurd precision.
Except once.
This chart highlights every moment since 2011 where Bitcoin closed a monthly candle below the 21m EMA. The pattern is unmistakable.
Every monthly close belo