Bitcoin On-chain Analysis: Is Bitcoin Bullish or Bearish?

Hey TTM Research readers,

I recorded a quick Bitcoin on-chain analysis update.

Overall, I am bullish on Bitcoin, even though September has historically been bearish.

There are 2 main things I will be closely watching:

  1. Top & Bottom Formula

    We’re looking for the 2 blue lines to curve back up. Right now, it seems to be in a stalemate.

  2. Leviticus Oscillating Waves

After recording the video, Bitcoin spiked $1,000. We want to see the oscillating waves go up and cross over the 0 line while the Money Flow Index (green right now) growing thicker in the green.

Here’s the video with my analysis, enjoy.