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#Bitcoin 2-Year MA Multiplier: Valuation Check 🔥
📝 This chart shows Bitcoin's price navigating its 2-Year MA and its multiples, mapping long-term valuation within the current cycle.
📍 Currently, $BTC is positioned near the 2Y SMA (green line) but remains below the 2x multiple (yellow line). Price around $79K sits below the ~$87K 2Y MA.
💡 This indicates a shift from undervaluation, but not yet extreme overvaluation. The market is consolidating within these bands, hinting at a potential distribution phase.