Bitcoin Is Starting To Stabilize
But the evidence still falls short of a confirmed recovery.
Bitcoin has held up remarkably well over the past week. Despite ongoing tensions in the Middle East and growing concerns that higher energy prices could keep inflation elevated, the market has managed to hold around $64K.
That’s encouraging, but it’s also created an interesting situation. The price has remained resilient while several of the macro forces we have been monitoring are still pointing in the opposite direction.
So today, let’s take a fresh look at the data and see what has actually changed over the past week and maybe more importantly, what hasn’t.
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