Over the past few weeks, the Bitcoin price has maintained a somewhat healthy momentum, forging minor swing highs and lows in its bull run revival. Interestingly, this early-week upward movement has been corrected following the escalating conflict between Israel and Iran.
All in all, the overall positive outlook for the premier cryptocurrency has remained, even though it has been observed to be against historical perspective. An on-chain analyst on social media platform X has delved into this strange phenomenon in the BTC market and the possible reasons behind it.
Bitcoin’s Historical Correlations With Macro Instruments
In a recent post on the X platform, an on-chain analyst with the pseudonym Darkfost broke down what, until recently, used to be conventional expectations in the Bitcoin market relative to broader macroeconomics. The crypto pundit mentioned that investors consider key indicators when trying to decipher what…
