Bitcoin Macro Index Enters ‘Expansion’, Echoing 400% Bull Run Surge

Bitcoin Macro Index Enters ‘Expansion’, Echoing 400% Bull Run Surge

In a detailed market update, Charles Edwards, founder of Capriole Investment, has provided an in-depth analysis of Bitcoin’s current market position, highlighting a pivotal shift to an ‘expansion’ phase in the Bitcoin Macro Index. This transition is particularly noteworthy as it parallels conditions observed prior to historical price surges in Bitcoin’s valuation. Bitcoin has recently experienced a sharp uptick, ascending from $34,000 to an interim high of $38,000. After a brief period of resistance, the price corrected to approximately $36,500. Edwards highlights....


Related News

Bitcoin cools from 1-week highs with key long-term metric echoing $44K

A "bullish engulfing" enters on multi-day charts as BTC price action manages to preserve some of Monday's gains. Bitcoin (BTC) returned to cement higher support on Nov. 30 after the latest BTC price comeback halted near $59,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewRSI sees "bullish engulfing"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing to local lows of $55,920 on Bitstamp overnight.The pair then recovered to circle $56,500 at the time of writing, with analysts keeping the faith on higher timeframe strength.Popular Twitter personality....

Bitcoin can hit $92K in April and still not match bull run RSI peaks: Analyst

More proof that Bitcoin is far from the most vertical stage of its bull run comes from PlanB and the relative strength index. Bitcoin (BTC) can surge to $92,000 in the next two weeks and still “only” be matching its past performance, new data claims.In a tweet on Wednesday, PlanB, the analyst behind the stock-to-flow family of Bitcoin price models, noted that despite this week’s gains, BTC/USD still has plenty of energy in it.PlanB focused on Bitcoin’s relative strength index (RSI), a classic metric used to chart the progress of price runs in particular. RSI can give a useful insight into....

Bitcoin price peak in December 2021 as ‘main bull run’ begins — Willy Woo

A rebound in Bitcoin's relative strength index echoes early 2017, prior to months of upward price action to all-time highs of $20,000. Bitcoin (BTC) is at the start of its next “main bull run” and the price peak won’t hit until the end of 2021, well-known analyst Willy Woo believes.In one of many recent Twitter discussions on Nov. 11, the creator of statistics resource Woobull produced fresh evidence that Bitcoin’s price gains are only just beginning.Woo: Bitcoin RSI “just warming up”Uploading a chart showing Bitcoin’s relative strength index (RSI), Woo noted similarities between the....

“Structural Deflation” In Europe to Boost Bitcoin Growth: Macro Investor

Bitcoin is in no man’s land in terms of its price as it balances above $10,500 but remains below the $11,000 resistance. The cryptocurrency is still in a positive macro bull trend though, analysts say. One reason why these analysts remain confident is that macro trends are favoring growth in the value of Bitcoin. One such trend is the ongoing deflationary trends in Europe, Dan Tapiero of 10T Holdings recently suggested. Tapiero is a long-time […]

Bitcoin price nears final hurdle at $12K before bull market euphoria

The price of Bitcoin is nearing $12,000 once again, which may be the signal for the start of a massive new bull cycle. The price of Bitcoin (BTC) had to hold the crucial support level between $11,100-11,300, and it did. After this support test, the price of BTC continued to surge upward on Oct. 20, reaching the crucial resistance area between $11,900-12,200.This upward move came along with weakness in the dollar, as the U.S. Dollar Currency Index (DXY) dropped substantially. A correlation that’s been effective throughout 2020 already. However, other cryptocurrencies haven’t been following....