Bitcoin in a healthier position to move higher!
The first push of BTC to over 70K in this bull cycle, the risk was becoming overheated quickly. The BTI indicator risk was around 7 to 7.25 and some indicators (e.g., the NUPL) were getting close to triggering. Now the overall risk is at a much healthier 5.59. Continued chop in this area will help further reset the individual BTI top indicators, but ultimately, we are poised to move higher. We have never reached a cycle top for BTC without the risk going to at least 10.
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