Is Bitcoin below its two-year average price?
Comparing today's price to its average over the last two years. Below that line has historically been a patient buying window.
This compares Bitcoin's price to its own average over the past two years — a slow, big-picture gauge known as the 2-Year Moving Average Multiplier. Read more
- Lately the multiple has been edging up — price gaining on its two-year average.
- Price is still under its two-year average — the cool side of the cycle.
Above 1.0 means price is over its two-year average; below 1.0 means it's under it. The deep dips below the line have lined up with past lows.
If price keeps sliding below its two-year average, it sinks deeper into the zone that has marked past lows.
If it climbs toward several times that average, it moves into the stretched territory seen near past tops.
Understanding 2-Year Moving Average Multiplier
The 2-Year Moving Average Multiplier compares Bitcoin's price to its average over the past two years. When price trades below that two-year average, the multiple drops under 1 — historically a patient, cool-side level.
At the other extreme, past cycle tops have pushed price to roughly five times that two-year average. The space between 'below the average' and 'five times it' has framed most of Bitcoin's cycles.
It's a slow, big-picture gauge — it moves in years, not days. Below the average has marked long-term buying windows; far above it has marked peaks. Best read alongside the other cycle measures.