Bitcoin Index gave a bull signal: Is it on the new rally road in BTC?
Bitcoin Combined Market Index (BCMI) gave a rise signal. Although the price of BTC has fallen, investors may have entered the period of accumulation again. RSI and ADX also point to turn.
Although the price of Bitcoin has declined in the short term, the BCMI, an important market index, has risen. This raises the possibility of a new rally that investors have entered the period of accumulation again.
Although the crypto money market seems calm on the surface, the rise in the Bitcoin Combined Market Index (BCMI) 7 -day average is remarkable. The fact that this metropolitan increases to 0.6 is interpreted as an early sign of optimism among investors. According to experts, such rises may indicate the beginning of the price rally.
📊 What does BCM show?
BCMI consists of a combination of these indicators:
Horror & Freediness Index
NUPL (Non -real profits)
MVRV (investor profitability)
Sopr (spending behavior)
Current Values:
7 -day average:
0.6 → Positive Signal
90 -day average:
0.45 → The market has not yet overheated
0.15 Six → Overch and Opportunity;
Over 0.75 → Risk of excessive excitement and fall
is considered as.
📈 BTC Technical View: Support Levels
BTC decreased by 0.9 %in the last 24 hours to $ 106.057.
Fibonacci levels: $ 110,000, $ 100,000, $ 95,000 and $ 80,000 → Support/resistance zones
ADX (trend power): 20.73 → There is direction in the market but not strong
RSI (Relative Power Index): 35.75 → Sales are weakening, over -sale zone is approaching
💬 Macro comments: $ 500,000 from Scaramucci
Famous American Financial Anthony Scaramucci said Bitcoin could soon see $ 500,000 because of the US government’s excessive expenditure.
This description supports the long -term bull scenario when combined with the positive tendency in the BCMI index.
🧠 General Evaluation
The rise of the BCMI indicates that profit sales decreased and the accumulation period has begun.
RSI and ADX data show that sales pressure is weakened and a new acceleration may occur.
The short -term aspect of the BTC will become clear with its reaction to $ 110k resistance zone in the coming days.