Bitcoin at ~$66K looks very different depending on the cycle.
• 2017 peak → 50W SMA ≈ $3.5K
• 2021 peak → 50W SMA ≈ $44K
• Today → 50W SMA ≈ $99.5K
From $3.5K to $99.5K is a 28.4× increase in the 50-week moving average in ~8 years. The floor keeps rising every cycle, even when the spot price revisits similar levels.