Bitcoin (BTC) may have reversed all price losses since its crash in March, but some other price indicator is about to make a new all-fourth dimension loftier.

As noted by Yassine Elmandjra, crypto-asset analyst at investment advisor ARK, the superlative cryptocurrency past market capitalization is most to set a new tape high for yearly moving average toll.

BTC price metric shoots for the moon

In a tweet on May 1, Elmandjra produced a nautical chart confirming the trend — since early 2022, the time of Bitcoin's electric current yearly moving average price loftier, the number has dropped and then rebounded.

Tardily 2022 proved to be the flooring when BTC/USD traded at around $iii,100. At present, a slow grind up through 2022 has culminated in a new landmark moment that will hitting if markets retain their current levels.

Bitcoin's yearly moving average price is, therefore, at around $9,000 for only the second time in its history.

Elmandjra drew attention from both Morgan Creek Digital co-founder Anthony Pompliano and "The Bitcoin Standard" author Saifedean Ammous with the findings.

BTC/USD yearly moving average price chart

BTC/USD yearly moving average toll nautical chart. Source: Yassine Elmandjra/ Twitter

What's in a daily Bitcoin toll?

Despite the continued solid operation, nevertheless, not everyone believes that price behavior is particularly relevant when information technology comes to deciding whether or not to buy Bitcoin.

In a CNBC interview from September 2022 currently circulating on social media, Morgan Creek Digital's CEO, Mark Yusko, argued that selling Bitcoin was not something that anyone should ever consider.

"All the indicators of the network and the network value are rise; the price of whatsoever asset fluctuates," he said.

Yusko also pointed to the price consistently making higher lows each year, with the exception of 2022, only that the daily price of Bitcoin "doesn't matter."

On Twitter this week, meanwhile, he doubled downward on his position. Yusko wrote:

Always pays to #BuyWhatIsOnSale. Daily toll of #Bitcoin is Noise, focus on Signal of increasing adoption and positive fundamentals.