😲 Several notes from analysts about the market:
• The weekly stochastic RSI for BTC has crossed upwards. Every time this signal appeared in the past, BTC was oversold and then showed growth.
• The price of Bitcoin broke the upper green band ($197K) at every peak of the bullish cycle without exception. The current Vaulted Price is $144K - a typical zone of local peaks.
• STH MVRV Z-Scores (155 and 365 days) are around zero - the market is balanced, not overheated and not oversold. The BTC price is holding just above the STH Realized Price, creating conditions for 1-2 weeks of consolidation with a possible breakout to a new ATH.
