Bitcoin 2-Year MA Multiplier
The 2-Year MA Multiplier plots the Bitcoin price against its 730-day moving average (green) and five times that average (red). In past cycles the price spent its bear-market lows near or under the green line and came close to the red line only near major tops.
On 13 Nov 2026 Bitcoin ($69,394) is 0.78× its 2-year (730-day) moving average of $89,363; five times that average is $446,813. Since 16 Aug 2019 the price closed below the 2-year MA on 34% of days and above 5× it on 0%. The highest multiple in this data was 4.88× on 21 Feb 2021.
2-Year MA Multiplier chart
17 Aug 2017 – 13 Nov 2026 · log price · CSVBTC price 2-year MA 2-year MA × 5
The indicator starts on 16 Aug 2019, once the price history covers its longest average. The chart plots every 8th day to stay light; the CSV has every day. Not financial advice: these pages describe what each indicator showed in past cycles and predict nothing.
2-Year MA Multiplier FAQ
What is the 2-Year MA Multiplier?
A chart of the Bitcoin price with its 2-year (730-day) moving average and five times that average, popularised by analyst Philip Swift as an investor tool. Prices near or below the lower line have come in bear markets and prices near the upper line in the late stages of bull markets.
How is it calculated here?
The 2-year MA is the simple average of the last 730 daily closes (UTC). The upper line is that average × 5. Today's multiple is the price divided by the 2-year MA.
Why two years and five times?
The two lines were chosen to frame the early cycles: the 2-year average marked the zone of bear-market lows and five times it the zone of tops. Later cycles peaked below the upper line, as each cycle has topped at a lower multiple than the one before, so it reads better as an outer limit than as a target.
Where does the price data come from?
Daily closing prices (00:00 UTC) of Bitcoin from exchange public APIs: Binance spot BTCUSDT from 17 Aug 2017. Moving averages start once enough days of history have passed. The data refreshes every few hours, and today's close is the latest price so far. Each chart's data is free to download as CSV.
Is this a buy or sell signal?
No. These indicators describe how the price moved against its own averages in past cycles, and Bitcoin has had only a handful of cycles, so any pattern rests on very few examples. Nothing here is financial advice.