The post Here’s Why Bitcoin Mirrors Summer 2024 And What’s Next appeared on BitcoinEthereumNews.com.

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Recession risks and macro uncertainty are currently once again at the center of market discourse, with Bitcoin being down -20% from its peak. Yet macro analyst Tomas (@TomasOnMarkets) contends that the broader economic backdrop is not as dire as some headlines suggest, even though certain datasets have pointed to weaker growth in early 2025. “Doesn’t look very recessionary to me?” Tomas wrote in a recent post on X, echoing the skepticism he has maintained for months. He pointed to specific indicators that began sliding in February but have started to stabilize. According to his analysis, US growth nowcasts—which aggregate various real-time measures of economic growth—“fell throughout February but have been leveling off for three weeks.” He likewise referenced the Citi Economic Surprise Index (CESI), which tracks how actual economic data compares to consensus forecasts. Since January, the CESI had been in a downturn, implying that data releases were coming in below expectations, but it has also steadied in recent weeks. Related Reading “Falling CESI = data coming in below expectations, rising CESI = data coming in above expectations,” Tomas explained, highlighting the significance of the index for market sentiment. The upshot is that, while markets grew increasingly defensive during the early-year weakness, these indicators are no longer deteriorating at the pace observed at the start of 2025. Why Bitcoin Mirrors Summer 2024 Tomas then turned his attention to parallels between the current environment and two notable past episodes: the…

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Filed under: News - @ March 25, 2025 7:28 am