CryptoJoe

⚠ For the first time, Bitcoin has lost the 2-Year Moving Average (2Y SMA).

The last time $BTC was above this level was in October 2023.

Now, this breakdown revives a simple — yet historically powerful — signal.

📉 For many analysts, this move may indicate the beginning of a real capitulation cycle.

🧠 Historical context matters:

Almost every time Bitcoin’s price fell below the 2Y SMA, the market:

1⃣ Experienced further downside

2⃣ Entered a prolonged accumulation phase

3⃣ Laid the groundwork for the next bull cycle

⏳ Capitulation is not a single event — it’s a process.