Bitcoin: Capriole Hedge Ratio Flashes Green

Bitcoin faces limited downside while Capriole's Market Hedge Ratio remains green, a condition that has capped losses for the past five years until the metric flips red, according to Charles Edwards. The reading typically precedes multiple weeks of upside. BTC trades at $80929.24 inside its Bollinger bands with the upper resistance at $81875.07 and lower support at $75234.26. Price sits above the EMA50 at $78205.55 and the EMA200 at $72528.9 while MACD registers a bullish golden cross at 731.48 and RSI holds neutral at 66.71. This confluence points to a healthy test of the 50-EMA support before continuation higher rather than any immediate reversal.