What Is The Probability Of A Bitcoin Bull Market In The Next Three Months?Examining scenarios of Bitcoin market regime changeBitcoin is trying to break through the $65,000 barrier. Given that it went down as low as $52,000 just a few weeks ago this is already a significant improvement. But how far can it go on the hopes of a return of global liquidity? Today we look at Bitcoin's price dynamic, analyze the current market regime and try to estimate what is the probability it could transition to a full blown bull market by the end of the year. The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions. We spend hours every day gathering data, creating metrics and bringing them to life with data visualizations that allow you to quickly get to the heart of things. We then distill all that knowledge in each issue of the newsletter with less words and more charts so that you get insights, direct to the point, in five minutes or less. Join more than 24,000 investors here: Done? Thanks! That’s great! Now let’s dive in. What Is The Probability Of A Bitcoin Bull Market In The Next Three Months?The TakeawayBitcoin is making another attempt at a breakout. It's currently in a neutral market regime. The odds of transitioning to a bull market in the next three months are intriguing. They range from 20% to 66% depending on market conditions. On-chain activity could be the key factor. The upcoming US jobs report may provide crucial insights. Investors should watch closely for signs of sustained momentum. Liquidity-Driven Price Increases...Unlock this post for free, courtesy of Ecoinometrics. |
Monday, September 30, 2024
What Is The Probability Of A Bitcoin Bull Market In The Next Three Months?
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