Bitcoin macro-indicator that predicts 2022 bottom flashes “buy signal”

The key takeaways:

• Macro Chain Index signals first buy since 2022. It may be pointing to a new Bitcoin bull-run.

• The MCI RSI cross-over aligns itself with the cycle bottoms in previous cycles that have preceded BTC rallies 500%+.

• Bitcoin’s price rises to $95,000 amid positive interest rates and rising open-interest rates.

The key to BitcoinBTCThe same indicator, which correctly predicted the bottom of the 2022 markets has now flashed yet another buy signal. It suggests the cryptocurrency could be entering a brand new bull phase.

Bitcoin metrics hints Bitcoin “absolute bottom”

Dubbed Macro Chain Index (MCI)The indicator consists of a combination of macroeconomic and on-chain metrics.

This tool analyzes factors including accumulation patterns, network activities, and supply trends to help determine whether Bitcoin has undervalued, or is overvalued, in comparison with its previous cycle.

The RSI indicator is the key component of the chart.Relative Strength IndexThe MCI is a purple color. In April, in a move that has been historically identified as the beginning of Bitcoin bull run is when the RSI crosses above the 52-week moving median (yellow).

The RSI cross-over appeared previously in 2015 before Bitcoin surged up to $20,000; in 2019 just prior to the move to $65,000 and late in 2022 before BTC dropped to $15,500.

If the historical pattern holds, then the crossover in April 2025 will signal the beginning of another bull run. This is especially true as many other indicators are also pointing to Bitcoin breaking above its key psychological resistance at $100,000.

“Our Macro Chain Index fired a long signal, the first buy signal since 2022, when it successfully went long at the absolute bottom,” Alpha Extract is the creator of Macro Chain Index and has added:

“Considering that the fundamentals align and the market structure is gradually following, this is a significant call, imho.”

Related: Bitcoin price always rallies at least 50% after these two patterns emerge

Bitcoin fell by 32%, after hitting a new record of $110,000. The sharp fall was caused in large part by US president Donald Trump’s global trade war.

BTC hit a low in the local market of below $74,450 at the beginning of April. It has since recovered and is now around $95,650.decouplingThe US market, which is otherwise in bearish condition, has exhibited a ” bullish turn”

Bitcoin open interest increases by $2.2 billion during April

Bitcoin’s recent price recovery is getting strong support, particularly on Binance.

From January to early April open interest Exchange of Information (OI). dropped From $11.9 billion down to $7.5billion, a decline of 36.9%. This reflects lowered confidence during the recent market slump and lower leverage. The trend changed in mid-April.

Open interest increased 29.3% in the past 3 weeks from $7.5billion to $9.7billion. This is aligned with Bitcoin’s rising price on spot markets.

It is clear that the traders who are closing out their shorts and reopening long positions have not simply closed them. This shows a growing level of confidence about Bitcoin’s future.

Funding rates They have also remained mostly positive. Long-position holders continue to pay off short sellers.

Bitcoin is expected to continue its upward climb towards $100,000, as the open interest rate and funding rates have increased.

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making any kind of trading or investing decisions.