The Macro Chain Index indicates a potential Bitcoin bull run as it issues a buy signal, supported by an RSI crossover above the 52-week moving average. Bitcoin’s price increase, along with rising open interest, reflects enhanced market confidence.
Recent trends show Bitcoin has rallied from 74,000 USD to around 95,650 USD. The increasing bullish sentiment in the futures market supports this price rise, indicating that traders are entering new long positions, suggesting a positive outlook ahead.
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