Bitcoin Macro Trend Oscillator Shows When To Expect The Price Top
Bitcoin's price experienced significant volatility, briefly surpassing $106,000 before consolidating around $103,000. The Decode Macro Trend Oscillator (MTO), a tool developed by a Bitcoin analyst, aggregates 40 macroeconomic indicators to predict Bitcoin price peaks. Historical data shows that the MTO has aligned with Bitcoin's major tops in 2013, 2017, and 2021. Currently, the histogram is in a deep red zone at -11.47, indicating that macroeconomic conditions may soon favor a rally. The analysis compares the current economic environment to the late 1980s and early 1990s, where similar conditions preceded expansions. The "Bitcoin Mode" configuration of the MTO focuses on metrics impacting crypto markets, suggesting Bitcoin remains in the negative red zone and that a price top is unlikely before 2025. Bitcoin is currently trading at $103,300.
