Bitcoin Could Be Near A Bigger Breakout As Key Metrics Turn, Capriole Founder Says

4 hours ago

Bitcoin may be approaching a more consequential up

Bitcoin Could Be Near A Bigger Breakout As Key Metrics Turn, Capriole Founder Says

Bitcoin Could Be Near A Bigger Breakout As Key Metrics Turn, Capriole Founder Says

Bitcoin may be approaching a more consequential upside move if current technical and on-chain trends hold, according to Capriole founder Charles Edwards, who argued in a new market note that a cluster of macro, sentiment and blockchain indicators has shifted in a more constructive direction despite a volatile geopolitical backdrop.

Bitcoin technical analysis, daily chart | Source: Capriole Investments
Bitcoin SOPR | Source: Capriole Investments
Bitcoin must overcome the 1.0 Fib, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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