Steady Progress, Tokenisation Speeds Up
ByteFolio Issue 218;
Bitcoin鈥檚 ByteTrend Score has increased to a 2 out of 5. The price has risen back above the 30-day moving average and reached a 20-day high, touching the max line. The 30-day moving average remains negatively sloping. By September, the sharp fall from January and February will have been flushed out of the 200-day moving average, meaning the trends will show signs of stability.
Bitcoin Daily
The short-term price action is encouraging. Although it鈥檚 still technically a downtrend for the cautious observer, the recent low was immaterial, suggesting the downside pressure has eased considerably. Looking at the leading tokens, there is a sense of stability playing out, but it is early days.
Leading Tokens
It is a quiet week, but one with promise. Let鈥檚 hope the strength continues to build.
