When BTC is divided by the m2 money supply, we can see that current "REAL BTC" prices are not as far off from the 200 and 300 week MAs as it appears on the standard BTC/USD chart.
The drastic increase in the money supply has made a significant difference in how far off REAL BTC prices are from the 200 and the 300 week MAs as compared to previous market cycle bottoms.
This suggests that the true market cycle bottom may be higher than expected when basing it off the 200 and 300 weeks MAs. With the REAL 200 week MA currently at 24k USD, and the REAL 300 week MA currently at 18k USD. As opposed to 22k and and 16k respectively on the standard BTC/USD chart.
Hiyah, excellent work on publishing your first idea. We hope it was a fun learning experience. If you need any help, feel free to reach out. 👍 @Nico.Muselle, TradingView Mod Team
👍 @Nico.Muselle, TradingView Mod Team