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Bitcoins are rising, but some basic signals are worrying. In particular, we refer to the bitcoin macro index, which shows divergence down. Should we be afraid of shortness of breath? Decryption of an indicator that could change everything!
Bitcoins rises but the key indicator decreases
The BTC price is quiet. However, a discrete signal challenges this euphoria. This is Bitcoin macro indexsuggested by Capririole in 2022. The second draws attention to the possible conversion of the trend.
Good to know:
Unlike other models, this index excludes BTC price. It is based only on the chain and macroeconomic data analyzed by automatic learning.
Since the end of 2023, the Bitcoin Macro Index Watching the Reducting Peaks, although the flagship of the cryptocurrency has seen higher consecutive. The divergence is set down. This phenomenon observed in the previous cycles suggests that the market could reach a long -term peak.
According to the founder Capriole Charles Edwards, this signal is not good. Even goes so far as to say that Bitcoin course It will move if the index becomes positive again.
Should we believe in the reversal of the market?
Other indicators strengthen this caution. For example, Cryptoquant evokes several metrics currently in the turbulence zone:
- market value for realized value (MVRV);
- net unused profit/loss (nupl);
- Inter-flow (IFP).
He has turned his redness since February. In order to reverse this trend, IFP should return above its mobile average for 90 days.
However, through these signals does not indicate anything Overheating or top of the cycle. The market therefore remains uncertain, shared between the enthusiasm of the driven Bitcoin point of the ETF and the caution of the dictated foundations.
Krypto investors are now interested in careful research of the bitcoin macro index. If it straightens, dynamics could be restored up. Otherwise, the spectrum of the fake peak apartment at $ 110,000. So time is not panic, but for strategic vigilance!
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My name is Ariela and I’m 31 years old. I have been in the area of writing a website for 7 years. I have discovered discovery and cryptocurrency for only a few years. But it is a universe that interests me a lot. And subjects treated in the platform allow me to learn more. In my free time, the singer also cultivates a great passion for music and reading (and animals!)
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.