'Bitcoin Macro Index' bear signal puts $110K BTC price return in doubt

Bitcoin (BTC) risks falling into a fresh bear market as a large collection of BTC price metrics produces a “bearish divergence. ”In a social media discussion on March 27, Bitcoin commentators flagged troubling signals from the Capriole Investments’ Bitcoin Macro Index. Bitcoin Macro Index slump “not great,” says creatorAs BTC/USD struggles to return to the area around all-time highs, onchain metrics are beginning to lose their bull market edge. The Bitcoin Macro Index, created by Capriole in 2022, uses machine learning to analyze data from a large number of metrics that founder Charles Edwards says “give a strong indication of Bitcoin’s relative value throughout historic cycles source: https://cointelegraph.com/news/bitcoin-macro-index-bear-signal-110k-btc-price-return-doubt?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound