Bitcoin Just Flashed a Rare Bullish Signal!
Bitcoin's 50, 100, and 200 day moving averages just stacked in the order that's historically preceded a major run, something that hasn't happened in over a year. On-chain data shows 867,000 Bitcoin bought right around today's $84K level, with 75% of buyers already in profit. Lyn Alden explains why she holds both gold and Bitcoin, and Michael Howell argues the real driver isn't a crash but a slow, deliberate devaluation of paper currency. With midterms approaching, a historically strong stretch for markets, and Mark Moss revisiting how Canada's 2022 bank freezes proved Bitcoin's use case, this run looks different from the usual hype cycle.
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