Bitcoin’s 30-Day Rate of Change Shows Positive Trend

Matrixport recently published an analysis of Bitcoin’s historical performance, specifically focusing on its 30-day rate of change (ROC). The report reveals that Bitcoin is currently trading at approximately $118,800, with a 30-day ROC of +10.72%. While this current positive trend aligns with past market cycles, it differs significantly from historical patterns where the ROC nearing -10% often signaled strong entry points. Matrixport highlights that this is not currently applicable in today’s market conditions.