The Copper-Gold ratio has reached a 15-year low, suggesting a potential bottom in the market cycle. Analyst Michael van de Poppe indicates that the crypto market has yet to fully price in the Federal Reserve's recent easing measures. Key indicators such as Bitcoin's RSI, which has fallen below 20, and an extreme MACD spread, suggest a possible capitulation event.
Van de Poppe anticipates a market reaction in the coming weeks, with Bitcoin needing to reach $92,000 to confirm a bullish trend. He also notes that while the Fed's actions may not lead to immediate changes, certain altcoins could be worth monitoring as the market adjusts.
Copper-Gold Ratio Hits 15-Year Low, Signals Potential Crypto Market Shift
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