Bitcoin is seeing early signs of a long-term bullish bias.
Bitcoin is a bull signal, which historically correlates with a market bottom before a sustained uptrend.
Gold has seen BTC’s 90-day Correlate increase from around -0.9 to around 0.7, reviving a multi-digit chart.
NUPL holders have accelerated their NUPL losses, but the losses are still a long way from the capitulation seen during previous major price declines in the Bitcoin cycle.
Bitcoin is a bull signal, which historically correlates with a market bottom before a sustained uptrend.
Gold has seen BTC’s 90-day Correlate increase from around -0.9 to around 0.7, reviving a multi-digit chart.
NUPL holders have accelerated their NUPL losses, but the losses are still a long way from the capitulation seen during previous major price declines in the Bitcoin cycle.