Bitcoin Shows Late-Stage Decline Signals, VanEck Says Bottom Not Confirmed
VanEck estimates only eight of 12 bitcoin capitulation indicators are currently active, keeping a bottom call premature even though all metrics reached signal levels over the past three months.
BTCUSD
Bitcoin is showing signs consistent with a late-stage decline, but analysts at VanEck argue it is too early to declare a definitive bottom.
According to their framework, only eight of 12 capitulation indicators are currently triggered. Over the past three months, all of the metrics have reached signal levels at some point.
The market appears close to an accumulation phase, though VanEck notes the conclusion is uncertain because the historical sample is relatively shallow.
Source: ForkLog