Bitcoin Macro Index Bearish—Is $110K BTC in Doubt?
Visit Our Most Successful Binance Futures channel for FREE crypto trading strategy, world class Binance Futures Bot, Futures Leverage Bot and assistance on crypto trading – https://telegram.me/binancefuturesignal Bitcoin price metrics taking an extended break from bullish upside is “not great,” the creator of the Bitcoin Macro Index says, but hope remains for a comeback. Bitcoin risks falling into a fresh bear market as a large collection of BTC price metrics has produced a “bearish divergence.” In a social media discussion on March 27, Bitcoin commentators flagged troubling signals from the Capriole Investments’ Bitcoin Macro Index. Bitcoin Macro Index slump “not great,” says creator As BTC/USD struggles to return to the area around all-time highs, onchain metrics are beginning to lose their bull market edge. The Bitcoin Macro Index, created by Capriole in 2022, uses machine learning to analyze data from a large number of metrics that founder Charles Edwards says “give a strong i...