The Indicator Track Record

A backtested track record of the Bitcoin cycle indicators we follow: the exact moments MVRV, NUPL, the Puell Multiple, the 200-week moving average and the Fear & Greed Index aligned at the 2018 and 2022 bottoms and the 2017 and 2021 tops — and what Bitcoin did next.

Frequently Asked Questions

Do Bitcoin bottom indicators actually work?

Historically, when several independent indicators (MVRV, NUPL, Puell Multiple, 200-week MA, Fear & Greed) reached extremes at the same time, they marked the major 2018 and 2022 bottoms and the 2017 and 2021 tops. No indicator is perfect, and confluence matters more than any single signal.

Is this a live, audited track record?

No. It is an educational backtest showing how these indicators behaved at past turning points using historical data. It is not an audited performance record and is not financial advice.

What is indicator confluence?

Confluence means multiple, independent indicators all signalling the same thing at once — for example valuation, sentiment, and miner stress all hitting extremes together. Confluence has historically been far more reliable than any single indicator on its own.