📊 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐌𝐎𝐍𝐓𝐇𝐋𝐘 𝐀𝐍𝐀𝐋𝐘𝐒𝐈𝐒 📊

Bitcoin has now closed a monthly candle below its 50-month moving average and printed a 27-month low.

On the surface, that looks bearish.
But the bigger picture tells a more interesting story.

The monthly MACD is more negative than at any point since 2022, which often appears during the final stages of a market exhaustion phase.

📈 𝐀𝐭 𝐓𝐡𝐞 𝐒𝐚𝐦𝐞 𝐓𝐢𝐦𝐞, 𝐌𝐚𝐜𝐫𝐨 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬 𝐀𝐫𝐞 𝐈𝐦𝐩𝐫𝐨𝐯𝐢𝐧𝐠:

• ISM PMI has climbed to 54, the strongest reading in four years.

•Oil has fallen below $68.50, helping reduce inflation pressure.

•Job openings have reached a two-year high, showing resilience in the labor market.

📚 𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥𝐥𝐲: Bitcoin tends to move in a 4-year cycle. In previous cycles, the most attractive accumulation zones appeared when BTC traded below the 50 MA while RSI and MACD made fresh cycle lows.

That is the exact setup we are approaching again.

The key level now is the 200-week moving average around $62,648. If Bitcoin reclaims and holds that level, it would signal returning strength. If not, sellers are likely to remain in control for a while longer.

📊 𝐌𝐲 𝐁𝐚𝐬𝐞 𝐂𝐚𝐬𝐞 : the market may still need a final capitulation phase over the next 2-3 months before the next major upside leg begins.

The biggest opportunities rarely feel comfortable when they appear.

#Bitcoin #BTC #Crypto #MarketAnalysis #Investing