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Bitcoin Bull Run Ending? đą
Is Bitcoin headed for a home run or a strikeout? A key metric screams "top of the inning" for Bitcoin's bull run, but there's a twist.
The culprit? #VDD multiple, a stat historically linked to price peaks, is flashing red. But unlike last year's rally, Bitcoin hasn't broken its all-time high, leaving analysts scratching their heads.
Enter the hopeful counterpoint: #RSI , a classic indicator, is hinting at a potential rebound. Divided analysts like TXMC fret over VDD, while others like Jelle see a lifeline in RSI.
With Bitcoin's block reward #halving on the horizon, the game just got even more interesting. Will Bitcoin hit a homer or swing and miss? Only time will tell.
#Binance
#crypto2024
Is Bitcoin headed for a home run or a strikeout? A key metric screams "top of the inning" for Bitcoin's bull run, but there's a twist.
The culprit? #VDD multiple, a stat historically linked to price peaks, is flashing red. But unlike last year's rally, Bitcoin hasn't broken its all-time high, leaving analysts scratching their heads.
Enter the hopeful counterpoint: #RSI , a classic indicator, is hinting at a potential rebound. Divided analysts like TXMC fret over VDD, while others like Jelle see a lifeline in RSI.
With Bitcoin's block reward #halving on the horizon, the game just got even more interesting. Will Bitcoin hit a homer or swing and miss? Only time will tell.
#Binance
#crypto2024