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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