Analysis: Bitcoin is approaching the four-year SMA support level, possibly in the final stage of a bear market

According to an analysis model released by CryptoQuant analyst Darkfost, the indicator based on Bitcoin's four-year Simple Moving Average (SMA) has entered the bear market level range.

This indicator measures Bitcoin's valuation status through standard deviation and SMA multiples: the higher the multiple, the deeper the overbought level, and the closer the price is to the four-year SMA, the lower the valuation. The current Bitcoin price has fallen back to the green zone and is close to the four-year SMA level, which is currently around $57,500. Historically, this level usually marks the final stage of each bear market, with BTC prices often consolidating in this area for several months. Darkfost stated that he typically does not favor models based on moving averages, but believes this indicator is worth paying attention to.