Bitcoin Quiet but Resilient
ByteFolio Issue 230;
Bitcoin’s ByteTrend Score is a 3 on the daily chart. The 30-day moving average is still rising, but it won’t be for long unless price moves above it. The last touch was a min on the max/min lines.
Bitcoin Daily
Crypto breadth surged in September, but it’s now deteriorating. Of the top 100 tokens, nearly 60% were in uptrends two weeks ago, which is now below 10%. Downtrends have risen but not materially. This is a great chart powered by our reinvigorated ByteTrend platform.
Crypto Breadth – Daily, Past Year
It is important to take a longer-term view on this. Shifting to weekly data over five years, it becomes crystal clear that the crypto bear market is done. It began in early 2025, ahead of Bitcoin’s October top, and peaked in February. The collapse in bear trends and early signs of weekly bull trends are highly unlikely to be fakery.
Crypto Breadth – Weekly, Past Five Years
It suggests that the current moves are pullbacks within an uptrend. This is what young bull markets look like.
