BITCOIN and the Cumulative Value Days Destroyed path to $50000.

Bitcoin (BTCUSD) practically continues its 2-month consolidation from the early February Low and so far, as long as the 1D MA200 (orange trend-line) holds, it only serves as a re-accumulation Phase for the next Low.

The big question is, where this might be. The Cumulative Value Days Destroyed (CVDD, green trend-line) indicator is currently at $49280 and has been a very reliable metric for buying near Bear Cycle bottoms as every time since 2014 it has been touched, BTC bottomed a little lower. The 1D MA200 has been the confirmation buy follow-up as when it historically broke following a CVDD test, the new Bull Cycle had started.

So the CVDD matches very well numerous projections we've made on a potential Bear Cycle bottom and in fact seems to be at the top of a projected Buy Zone.

Do you think that's reliable? Feel free to let us know in the comments section below!

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