Bitcoin Bounce at $60K but More Needed
ByteFolio Issue 214; Bitcoin’s ByteTrend Score remains a 0. The price has bounced but has yet to pass above
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ByteFolio Issue 214; Bitcoin’s ByteTrend Score remains a 0. The price has bounced but has yet to pass above
The regulatory picture is quietly improving for crypto, and that is where most of the market is now looking for its next catalyst.
The past week has been tough, with BTC down 18% since the May peak. In this update, I will explore some of the reasons.
Bitcoin’s ByteTrend Score has dropped to a 0 for the first time since April. The bear has returned.
While Bitcoin and KOSPI have historically been correlated, they diverged last summer, with the attention shifting towards chips.
The bitcoin price has neared the 200-day moving average for the first time since October.