Bitcoin traders face mixed signals as two key metrics present opposing views on the cryptocurrency's future trajectory. The Strength of the Trend (SOTT) indicator, which measures the strength of bullish momentum in long cycles, has turned purple, suggesting a potential exhaustion of the current bullish cycle. Historically, this signal has marked cycle tops in 2014, 2018, and 2022.
Conversely, the Total Summary Risk index, a composite measure of risk versus opportunity that includes on-chain, technical, and sentiment metrics, is at low levels. This suggests minimal risk for new entrants, historically preceding significant rallies in 2012, 2015, 2019, and 2020. Traders are left to decide which signal to heed as they navigate these conflicting indicators.
Conflicting Bitcoin Signals Emerge from Key Metrics
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
