The Monthly Chartbook is a collection of interesting charts and trends we’re watching across crypto.
Bitcoin Market Trends
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Q1 was a volatile one for global markets, and crypto was no different.
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After a strong close to Q1, BTC has sputtered back to the middle of its extensive multi-month trading range. Generally speaking, we know from prior studies that the midpoint of a price range is the least favorable place to take trades in terms of the risk vs. reward tradeoff.
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After failing to reclaim the midpoint of the weekly market structure, BTC finds itself retesting the high volume node boundary located around $42-$44K. Bulls will likely want to see these higher timeframe levels defended successfully if a short to mid-term trend reversal is to take pla