Bitcoin Bounces From $62,500 but On-Chain Data Signals Prolonged Weakness
Bitcoin price has rebounded slightly after recent selling pressure, yet broader technical signals remain cautious. The crypto king recently broke down from a triangle pattern, raising concerns of further downside. While the move may appear to be stabilizing, underlying metrics suggest potential prolonged weakness. Bitcoin’s Past Might Dictate Hints At Its Future The Realized Profit/Loss Ratio (90D-SMA) has fallen below 1, signaling Bitcoin’s transition into an excess loss-realization regime
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