The spot price has been spending a lot of time in that area of like 100% to 150% above the 200-WMA. Surely nothing too exciting in terms of exuberance... or even overexuberance.
It would be nice to get into the greater than 300% to 400% range..meaning that spot price is 300% to 400% or greater higher than the 200-WMA, even if many of us would not even consider that to be very frothy, either.
I doubt we will ever see such volatility again.
To get 300-400% above 200wma, we dont just need to reach 200-250k levels. We need to reach such levels in 2025, because the 200wma is also growing. Reaching it in 2030 won't take us to 300-400% 2000 wma range.