From Cointelegraph

April 30, 2025 08:15 AM:

The Macro Chain Index signals a new Bitcoin bull run, with RSI crossover aligning with past 500%+ BTC rallies. Bitcoin price rises from $74K to $95K, supported by increasing open interest and positive funding rates. The MCI indicator, which accurately predicted the 2022 market bottom, suggests a potential new bull phase. The RSI crossover historically precedes Bitcoin bull runs, indicating a possible surge past $100,000. Bitcoin’s recovery from a 32% dip after hitting $110,000 in January is attributed to decoupling from the bearish US stock market. The recent rebound in Bitcoin price is backed by rising open interest on futures markets, particularly on Binance. Traders are entering new long positions, boosting confidence in Bitcoin’s upside. Positive funding rates and increased open interest point towards continued bullish momentum, potentially pushing Bitcoin towards $100,000.

Read more at Cointelegraph: Bitcoin macro indicator that predicted 2022 bottom flashes ‘buy signal’