Moving towards technical indicators, we can use the widely used Mayer Multiple metric, which assesses the ratio between #Bitcoin price and its 200DMA.
The 200DMA is often used as a simple indicator for assessing bullish or bearish momentum, making any breaks above or below a key market pivot point.
The 200DMA currently resides at a value of $58k, once again providing confluence with on–chain price models.
The 200DMA is often used as a simple indicator for assessing bullish or bearish momentum, making any breaks above or below a key market pivot point.
The 200DMA currently resides at a value of $58k, once again providing confluence with on–chain price models.
JUST IN: Tron founder Justin Sun offers to buy all #Bitcoin held by the German government to minimize impact on the market.
#Bitcoin Miner capitulation mirrors Dec 2022 levels with a 7.7% hashrate drop, similar to post-FTX collapse conditions.
Such declines often signal potential market bottoms.
Such declines often signal potential market bottoms.
NEW: Fidelity #Bitcoin ETF investors bought the dip in a BIG way, with $117 million in inflows.
This marks their largest daily inflow since early June.
This marks their largest daily inflow since early June.
NEW: 🇺🇸 US #Bitcoin ETFs saw $79 million in inflows yesterday, the 5th straight day.
While Germany sells, US ETF buys 🙌
While Germany sells, US ETF buys 🙌
In his 2021 financial disclosure while running for Senate, Trump's VP pick, J.D. Vance, reported owning between $100,000-$250,000 worth of #Bitcoin
BREAKING: 🇺🇸 Donald Trump says Jamie Dimon has suddenly “changed his tune” on his anti #Bitcoin stance: