Gunslinger2005

BTC and the yearly central pivot point

COINBASE:BTCUSD   Bitcoin
Presented in log scale. Backtesting bitcoin on the previous 9 years can see that 8 out of 9 instances of the yearly central pivot point being test after the year has closed and a new yearly central pivot is in place. The one time in 2021 where price did not fully strike the central pivot still tested upper cpr channel and was a magnet to pull price back towards. This new yearly pivot is in the mid 30k region. Potentially making it a likely area of interest and a viable point to be struck based on historical statistics.

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