BITCOIN MONTHLY ANALYSIS

Bitcoin closed its monthly candle below the 50 MA, reaching a 27-month low.

Monthly MACD is now at its most negative level since 2022, signaling exhaustion.
However, the broader economy is showing strength:

• ISM PMI: 54 (4-year high)

• Oil below $68.50, easing inflation

• Job openings at a 2-year high

Bitcoin still appears to be following its 4-year cycle, suggesting a final capitulation in the next 2–3 months before the next move up.

To regain strength, BTC must reclaim the 200W MA at $62,648 or sellers stay in control.

The last cycle’s best accumulation phase started below the 50 MA with RSI and MACD at cycle lows.

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