Analyzing Three Indicators That Point to Bitcoin Upside
Price ActionDigital Finance
Bitcoin rose about 20% last week and began trading near $77,400 on Monday. Gold futures are forming an upward-sloping curve, Bitcoin dominance has fallen to 59.46%, and the Coinbase Premium Index remains in negative territory. The notional value of BTC options expiring on August 28 has reached $6.06 billion, with a max pain level of $67,000. The debasement trade continues against the backdrop of expanded Treasury buybacks by the U.S. Treasury.
