The Sell-Off Continues: CoinDesk Indices’ Todd Groth

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Todd Groth, CFA
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Since we turned neutral on the Bitcoin Trend Indicator (from significant uptrend, on Jan. 18), and front-end US interest rates have risen 5bps, we’ve fallen lower about 4.5% lower to 39.5k, and lie back in the middle of the bitcoin (BTC) price trend channel established at the crypto winter bottom in Dec 2022.



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