Steady Progress, Tokenisation Speeds Up
The short-term price action is encouraging. Looking at the leading tokens, there is a sense of stability playing out.
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.
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.
Bitcoin’s ByteTrend Score rises to a 3 following the ceasefire in Iran. A post-February new high above $75k would boost confidence.