Validating Bitcoin’s Buy Signal
Periods of unusually low volatility don’t last for long and soon lead to a decisive move. That could be up or down, but in Bitcoin’s case, eight out of the nine signals were up.
Periods of unusually low volatility don’t last for long and soon lead to a decisive move. That could be up or down, but in Bitcoin’s case, eight out of the nine signals were up.
The malaise comes from the macro, where real yields are rising. The best news I can deliver is that they won’t rise forever.
This article will explore the stablecoin market, the regulatory developments, and provide a future outlook.
A durable catalyst would be regulatory certainty in the United States, specifically the CLARITY Act becoming law.
Bitcoin’s ByteTrend Score is back to a 5, which means the uptrend has resumed. This is a perfect setup just two weeks ahead of the strongest month of the year.
Bitcoin’s ByteTrend Score remains at a 2. The price has turned up, and with the strong month of October just three weeks away, it is right to be bullish.