Charles Edwards Bitcoin Usa markets Bitcoin price Charles Edwards Bitcoin Usa

'Insane evidence' Bitcoin has capitulated in past 2 months — analysis

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Bitcoin (BTC) is providing overwhelming evidence that it is capitulating, and it is time to flip bullish as a result, new analysis believes.In a Twitter thread on Aug.

3, Charles Edwards, CEO of crypto asset manager Capriole, revealed what he called the “The 12 Bitcoin Capitulations.”With BTC price action recovering from multi-year lows but still hovering near key bear market support, opinions vary widely as to what will happen next.Some are demanding a return to levels even lower than June’s $17,600 trough, while others argue that a “bear market relief rally” could take BTC/USD as high as $40,000 first.For Edwards, the raw evidence suggests that the past months have been bearish enough, and that behind the scenes, Bitcoin has been quietly capitulating.“The raw count of evidence for major Bitcoin capitulation today is insane,” he wrote about his twelve key examples.

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