Bitcoin Price Metrics

Checking in on crypto

Following the absurd rally through April, it has not been smooth sailing for Bitcoin, which now sits at a strange inflection point:

Given the recent weakness, will we see a new all-time high soon or have another long wait before then? (My guess is a longer wait):

So far, the price drawdown from the recent high hasn’t been nearly as severe:

Though the relative strength index continues to deteriorate:

All that being said, it’s been rather orderly performance, with no major volatility spikes (for Bitcoin’s standards):

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