Three Key Reasons Why Bitcoin’s Macro Chart Is Still Bullish

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Bitcoin has undergone a strong rally over recent months from the March lows to $12,500 at the August highs. Not everyone is convinced that the crypto’s macro trend is positive, though. They point to the fact that Bitcoin has yet to firmly establish itself above $11,500 and $12,000. Those two levels have been of technical importance on a macro time frame since the 2017 highs. Three crucial reasons, though, suggest that Bitcoin’s macro trend is positive despite the inability to pass the aforementioned resistances. There are also underlying bullish on-chain trends that corroborate the expectations of a macro bull trend. Three Key Reasons Why Bitcoin’s Macro Trend Is Bullish Bitcoin’s macro trend remains bullish despite its inability to hold above crucial technical levels during the summer rally. One crypto-asset analyst recently shared a series of charts and tweets showing that there are multiple reasons to be bullish on Bitcoin from…

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