'Bitcoin Macro Index' bear signal puts $110K BTC price return in doubt
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The Bitcoin Macro Index, created by Capriole Investments, is showing bearish divergence signals that suggest Bitcoin might not reach its anticipated $110K price level. The index, which uses machine learning to analyze onchain and macro-market data, is printing lower highs while price prints higher highs, potentially indicating a long-term peak has already been reached.
March 28, 2025 | 8:30 am
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Capriole's Bitcoin Macro Index is showing bearish divergence, which could indicate limited upside potential for Bitcoin in the near term.
The bearish divergence in the Bitcoin Macro Index, combined with multiple onchain metrics showing turbulence, suggests potential downward pressure on Bitcoin's price in the short to mid-term.
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