Two independent analysts have concluded that the Bitcoin bottom is in without using each other’s data. Charles Edwards, founder of Capriole Investments, relies on the Market Hedge Ratio measuring the flow between stablecoins and Bitcoin, which touched the -20.78% bearish threshold on September 4. Analyst Root, writing at Bitcoin Strategy, identified the same signal from price structure, with BTC reclaiming its 200-day moving average, 21-week average, and short-term holder cost basis. Bitcoin trades at $79,755 with a market cap near $1.6 trillion, just 0.5% above the 21-week average at $79,355. Both analysts have defined invalidation levels: a weekly close below $70,000 would break both theses.
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