3 signs Bitcoin price is forming a potential 'macro bottom'

3 signs Bitcoin price is forming a potential 'macro bottom'

Bitcoin's upside prospects are supported by at least three on-chain and technical metrics. Bitcoin (BTC) could be in the process of bottoming after gaining 25%, based on several market signals. BTC's price has rallied roughly 25% after dropping to around $17,500 on June 18. The upside retrace came after a 75% correction when measured from its November 2021 high of $69,000.BTC/USD daily price chart. Source: TradingViewThe recovery seems modest, however, and carries bearish continuation risks due to prevailing macroeconomic headwinds (rate hike, inflation, etc.) and the collapse of many....


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