Lesser-Known Bitcoin Indicator Flips Positive After 18 Months
CRYPTO TREYSI
The reserve risk multiple is calculated by dividing the daily indicator value by its 365-day moving average.
The reserve risk multiple's previous crossovers above and below zero accurately predicted major bullish and bearish trends.
If history is a guide, the latest positive crossover means the cryptocurrency's 80% year-to-date rally to ten-month highs above $30,000 may be only the first milestone in its upward journey.
The bullish implication is consistent with bitcoin's tendency to chalk up outsized rallies in months leading up to the mining reward halving. This programmed code reduces the pace of the cryptocurrency's supply expansion by 50% every four years. Bitcoin's fourth reward halving is due in April next year.