Analysts split on bitcoin forecasts after Fed meeting
- —Bull Score Index fell from 80 to 30 in a week after the Fed meeting
- —Crypto Dan: the share of loss-making UTXOs dropped sharply, as at the end of past bear phases
- —Glassnode: BTC is below the True Market Mean, with risk of a pullback to short-term holders' cost basis at $70,000
- —Spot bitcoin ETF outflows: $450 million on September 15 and $295 million on September 16
Why it matters: Conflicting metric signals mean high uncertainty: holding BTC above the True Market Mean will determine whether the rally continues or a pullback to $70,000 begins.
Source: ForkLog