Posted 10/9/2023, 6:06:06 PM
Bitcoin Flashes Bullish Signals Despite Macroeconomic Concerns, Analysts Say
- Bloomberg crypto analyst says Bitcoin (BTC) flashing bullish signal despite deteriorating macro landscape
- Bitcoin trend model has signaled bullishness even as US long bond yields spike above 5%
- Breaking $31,000 resistance could ignite new Bitcoin bull cycle, analyst says
- Bitcoin has outperformed bonds as an inflation hedge, analyst argues
- Analyst predicts more investors will shift from bonds to Bitcoin as US dollar loses value
