Resilience Is Bullish
Bitcoin has held up in a tough macro environment with high real rates and a rising dollar. Resilience is bullish.
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Bitcoin has held up in a tough macro environment with high real rates and a rising dollar. Resilience is bullish.
There’s an age-old theory by the chart watchers that when RSI diverges, it signals a change in direction.
The short-term price action is encouraging. Looking at the leading tokens, there is a sense of stability playing out.
BTC has risen back above the 30-day moving average and made a 20-day high. The worst outcome has so far been averted.
The malaise comes from the macro, where real yields are rising. The best news I can deliver is that they won’t rise forever.
ByteFolio Issue 215; 💡This issue covers Chainlink (LINK) and Hyperliquid (HYPE) Bitcoin’s ByteTrend Score remains a 0. The price