Bottom Signal Emerges Amid The Descent 🖤
Analyst Ash Crypto calls this the start of a fresh bull run yet that average still drifts lower while BTC lingers roughly a third beneath its peak. The weekly chart reveals BTC hovering near 84000 against the 50 week line at about 77000 after dipping to 58000 and printing a strong green candle that reclaimed the level. That line simply averages the prior 50 weekly closes spanning roughly a year.Demand Holds The Real Key To Confirmation 🌙
Spot Bitcoin ETFs saw 681 million in net outflows last week the biggest since late June with 487 million leaving on Wednesday alone as price dipped. XWIN Japan notes an improving bottom setup but insists confirmation needs steady ETF inflows plus stronger spot buying and rising demand. Exchange reserves stay low whale bags sit around 3 million BTC while apparent demand has risen from deep negatives yet stays below zero. Markets have baked in roughly an 18 percent chance of an October Fed hike with midterms on November 3 looming. CryptoRus demands repeated four hour closes above 84000 on climbing volume or else another rejection proves squeeze pressure not real conviction. Data drops like CPI PPI retail sales and jobless claims can flip liquidity fast lol.Just another echo from the void by iconofsin.eth 💖
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