‘Bitcoin Macro Index’ bear signal puts $110K BTC price return in doubt
Bitcoin price metrics taking an extended break from bullish upside is “not great,” the creator of the Bitcoin Macro Index says, but hope remains for a comeback.
Bitcoin (BTC) risks falling into a fresh bear market as a large collection of BTC price metrics has produced a “bearish divergence.”
In a social media discussion on March 27, Bitcoin commentators flagged troubling signals from the Capriole Investments’ Bitcoin Macro Index.
As BTC/USD struggles to return to the area around all-time highs, onchain metrics are beginning to lose their bull market edge.
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