"Although these two assets are not strongly correlated in general, there has been a notable increase in correlation during this cycle between BITSTAMP:BTCUSD and $INTOTHEBLOCK:BTC_HASHRATE. If this trend continues, Bitcoin's price could potentially follow suit, targeting the $95K– GETTEX:97K range."
CRYPTOCAP:BTC CME gap is nearly filled (ends at 77,930, bounced at 78,675). It also tested the 10-month MA (76K). Monthly RSI is at support, similar to August 2024, when price surged from 49K to 110K. There are several indicators tested such as distance to 50 day moving average as well as 200 day moving average current price. As long as it holds above 75-76K, the...
