Bitcoin macro index bear signal puts $110K BTC price return in doubt

The Bitcoin price is currently facing bearish metrics, indicating a potential drop. According to the creator of the Bitcoin Macro Index, there is a troubling ‘bearish divergence’ in the indicators.

Analytics point to significant market turbulence for Bitcoin in the near term, despite some hope for eventual recovery. The index shows lower highs while BTC continues to print higher highs, suggesting volatility ahead.

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