A quick update relating to our previous post.
BTC has continued its trend to quickly drop to the 200W SMA once it has broken the 600D SMA and we are now in our Golden Box accumulation zone between the 150W SMA and the 200W SMA with potential to drop down to the green box and visit the 300W SMA.
If our 'BTC - Historic Over Bought / Sold MAs' indicators holds...
![BTCUSD: Cycle Bottom Indicator [CBI] - Log Chart [UPDATE 02]](https://s3.tradingview.com/4/4dIsoEUe_mid.png "Cycle Bottom Indicator [CBI] - Log Chart [UPDATE 02]")