Bitcoin: 82% Addresses in Profit
Bitcoin sees 82% of addresses in profit at $83592.25 with EMA50 at $83498.89 holding support amid MACD death cross.
SourceAnalysis
Bitcoin addresses in profit hit 82% as BTC trades at $83592.25, extending the bull market streak that began 12 months ago.
Price action shows BTC hugging the EMA50 at $83498.89 while the EMA200 at $79327.0 anchors the longer-term floor; the MACD death cross at -152.91 warns of fading momentum even though RSI at 47.88 remains neutral inside the Bollinger band range of $82604.49 to $85174.39, suggesting any test of upper resistance will likely exhaust volatility before a healthy retracement to the 50-EMA.
Traders tracking BTC price prediction models now weigh this on-chain strength against macro liquidity signals to avoid a repeat of last year’s sharp crypto market crash drawdowns.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.
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