‘Insane evidence’ Bitcoin has capitulated in past 2 months — Analysis

‘Insane evidence’ Bitcoin has capitulated in past 2 months — Analysis

Signals that Bitcoin is in classic capitulation mode are everywhere, and each is a “rare event,” says Capriole’s Charles Edwards. Bitcoin (BTC) is providing overwhelming evidence that it is capitulating, and it is time to flip bullish as a result, new analysis believes.In a Twitter thread on Aug. 3, Charles Edwards, CEO of crypto asset manager Capriole, revealed what he called the “The 12 Bitcoin Capitulations.”“Risk-returns skewed positively” for BitcoinWith BTC price action recovering from multi-year lows but still hovering near key bear market support, opinions vary widely as to what....


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