Bitcoin macro indicator that predicted 2022 bottom flashes 'buy signal'

Date: 2025-04-30

Key takeaways:Macro Chain Index issues first buy signal since 2022, hinting at a new Bitcoin bull run.RSI crossover on the MCI aligns with past cycle bottoms that preceded 500%+ BTC rallies.Bitcoin price recovers from $74K to $95K amid rising open interest and positive funding rates.A key Bitcoin (BTC) indicator that accurately signaled the 2022 market bottom has just flashed another buy signal, suggesting the cryptocurrency may be entering a new bull phase.Bitcoin metric hints at “absolute bottom”Dubbed the Macro Chain Index (MCI), the indicator is a composite of several long-term on-chain and macroeconomic metrics. It analyzes factors such as accumulation behavior, network activity, and supply trends, helping identify whether Bitcoin is u...

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