Opening Bell - Issue 35
Research12 November 2024Copper
Prepare for the week with key data points and trends in the digital asset marketplace.
Opening bell | Issue #35 report highlights:
Bitcoin’s current market cycle, at day 554, suggests a peak could arrive in 200
days, aligning with a 45% chance of a U.S. recession by mid-2025.
Realized volatility is at 50%, with implied volatility peaking, indicating continued turbulence ahead.
Bitcoin’s Relative Strength Index (RSI) at 60 is far below previous highs, leaving substantial room for growth as momentum builds into the new year.
BTC Inactive supply is increasing, but we’re getting to low levels so keep an eye out should investors begin to move assets.
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