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BTC speculators in focus as analysis says 'textbook Bitcoin bottom' is underway
In their latest analysis on X, the Bitcoin quant account known as Frank, named for the famous economist Frank A. Fetter, doubled down on conviction that the worst of the BTC price downtrend is over. “This is a textbook bitcoin bottom; I mean every bottom signal has flashed or is flashing, it’ll be very obvious in hindsight,” one post stated. An accompanying chart showed the 200-week simple moving average (SMA) for BTC/USD, along with various quantiles. The ninth quantile is of particular interest, having marked reversals at the pit of the 2022 bear market and March 2020 COVID-19 crash. Price is now back in that ... (full story)
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