DanBTC916
BTC Is Firmly in a Bull Market According to Mean Coin Age and Bullish Technical Conditions - Similar to Late 2013
The current technical and Onchain conditions are very similar to September and October 2013. The 3 day chart confirmed a bullish crossover and backtest both in 2013 and 2021. The MCA was trending higher during the 2013 mid cycle pullback, confirming LTHs were re-accumulating. This led to new all time highs. The 2021 mid cycle pullback caused BTC to fall 55%, but LTHs did not distribute during the drawdown, instead going into re-accumulation. This strongly suggests new all time highs is coming.