In the chart above, the green circles represent the MM indicator moving above 1.0 signaling the establishment of a long-term bottom for bitcoin price $5113.15 -0.39%. Going by this information, it appears another indicator is showing that BTC may have already bottomed out, marking the end of a bear market, which started in December 2017. The MM indicator is a simple ratio of the price of Bitcoin to its 200-day moving average price. A low MM ratio is indicative of bear market periods. It suggests a trend reversal when the ratio reaches the 1.0 boundary point. Historical patterns are usually an important aspect of ... (full story)