Bitcoin (BTC) traders are navigating through one of the fastest capitulation events since late 2022, but one market analyst argued that historical data confirms that $80,000 was the bottom.
Key takeaways:
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A Bitcoin analyst assigned a 91% probability that BTC will not see a weekly close below the current lows.
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NVT Golden Cross showed Bitcoin’s market cap may be undervalued, signaling short-term long position opportunities.
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Macroeconomic liquidity signals from Arthur Hayes and rapid onchain…
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