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Bitcoin: Approaching the Ceiling
Last week, this report identified the True Market Mean at $78.1k as the most probable mid-term ceiling for any relief rally within the ongoing bear market structure. Since then, Bitcoin has gradually trended higher, now trading near $74k, approximately 5.2% below the True Market Mean, tracing the cost basis of active supply. While price has yet to test and stabilize above this key threshold, the probability of a spike toward and potentially above it remains considerable in the mid-term. In this edition, we examine the on-chain tools best suited for identifying local tops within a bear market rally, helping investors ... (full story)
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