Typically, if the price falls below the 111D moving average for more than a few days, it signals a downtrend in price to come for the next significant period of time.
The 350D moving average (green) is still likely to trend upward for the next 2 years at least. Price will likely catch up to this 350 Day Moving Average (350D MA) in the coming years, probably at a price of around $150,000 - $250,000. It may take a while to reach that amount if the price falls below the 111D moving average for a significant period of time. Recently, the price bounced off of that MA, so we will see in the coming weeks if there is going to be a major trend shift in price or if the price will continue to bounce higher away from the 111D MA.
If there is a trend shift to the downside, we will see a divergence between the 111D MA and the 350D MA. If not, they will continue their path of convergence until they reach the Pi-Cycle Top. My guess is that the top is around $150,000 - $250,000 for this 4-year cycle.
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