Higher Rates Are Testing Bitcoin’s RecoveryBitcoin failed at the 200-day moving average as rising yields pressured rate-sensitive assets.
Bitcoin had a chance to give us a cleaner recovery signal last week. The level to watch was the 200-day moving average. A clean break above it would have strengthened the case that the latest rebound was turning into something more durable. Unfortunately this is not what happened. Instead, Bitcoin’s price bounced on the 200-day moving average and is now weakening again. On its own, that would already call for some caution. But the more important point is that Bitcoin is not weakening in isolation. Across markets, several rate-sensitive assets also struggled last week. That means it could be more than just a failed test at the 200-day moving average crossover. So on top of asking if Bitcoin is really losing momentum, we are asking whether the macro backdrop has started to turn against the recovery. That is what we need to unpack today. Let’s look at the data. Ecoinometrics delivers professional-grade crypto and macro analysis to help institutional investors and serious traders make data-driven decisions. Our team conducts rigorous quantitative research, developing proprietary metrics and institutional-quality visualizations that cut through the noise to reveal key market dynamics. Each newsletter provides clear, actionable insights backed by data, delivered in a concise format that respects your time - five minutes to absorb, but deep enough to inform your investment strategy. Join over 34,000 professional investors and fund managers: Ready? Let’s dig into the data. Higher Rates Are Testing Bitcoin’s RecoveryThe Takeaway...Continue reading this post for free in the Substack app
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