News from CoinDesk and Bloomberg flag BTC’s break below its recent trading range and the risk of a retest of the $80,000 area or worse, with some technicians like Peter Brandt warning that a snapped parabolic arc could open downside toward $25,000, even as on-chain models cited by Bitcoin Magazine suggest fair value closer to $100,000.
Showing posts with label Bitcoin magazine. Show all posts
Showing posts with label Bitcoin magazine. Show all posts
Macro backdrop: dovish Fed and softer dollar support long-term crypto thesis
TradingEconomics and Yahoo Finance report gold near record highs and the dollar index hovering near multi-week lows after the Fed’s third 25 bp cut and new T-bill purchases. While today’s tape is risk-off for crypto, the combination of easier Fed policy and added dollar liquidity is seen as supportive for longer-term Bitcoin upside in on-chain valuation work from Bitcoin Magazine.
Bitcoin pullback still sits above on-chain ‘floor’ metrics
Despite the drop below $90K intraday, on-chain valuation tools such as CVDD and Balanced Price from Bitcoin Magazine still place longer-term cycle floor estimates in the mid-$40K to ~$80K range. This suggests current levels are well above historically observed bear-market lows, though shorter-term sentiment has clearly turned cautious.