Bitcoin Market Hints At Upside Potential: BCMI Indicates Early Optimism

While overall cryptocurrency market activity remains subdued, a key indicator suggests a potential shift in Bitcoin sentiment. The 7-day moving average of the Bitcoin Combined Market Index (BCMI) has risen to around 0.6, often viewed as an early sign of positive momentum. This increase comes against a backdrop where the 90-day average for the index remains stable at 0.45, indicating that market conditions remain relatively calm.