Analyst: Imagine you have one indicator that signals the per | CrypticNews Hub on Binance Square

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Analyst: Imagine you have one indicator that signals the perfect time to buy #Bitcoin... Keep it simple, friends, and study the daily RSI $BTC! 

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Santiment: Key #Bitcoin participants predict a long-term bullish scenario as wallets holding 10 or more coins have accumulated a record 16.17 million $BTC . Ideally, we will see an increase in purchasing power (dry powder) among Tether and USD Coin holders, which could open the floodgates for the next bullish surge in cryptocurrency.

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Most market sentiment indicators reflect a readiness to take on risk.

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Quarterly Return on Investment (ROI): The third quarter has historically not been the most favorable for Bitcoin, with an average 5-year return of -5.21%.

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Global Stocks vs. Money Supply (1995-2023) The correlation coefficient between the global stock market capitalization and the money supply from 1995 to 2023 is approximately 0.96. This indicates a very strong positive correlation, meaning that as the money supply increases, the stock market capitalization also tends to rise. These results highlight a significant relationship between the global money supply and stock market capitalization, emphasizing how monetary conditions can influence market valuations over time.

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The price of #Bitcoin has been stuck between the 2-year moving average (support) and the 5x multiple (resistance) since November 2023. The 2-year average has historically served as the bottom during downturns, while the 5x multiple has been a potential ceiling before corrections.

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