Caleb Franzen: Bitcoin movement within normal range based on moving averages

Caleb Franzen: Bitcoin movement within normal range based on moving averages
Bitcoin moves align with market averages

Caleb Franzen downplays concerns regarding the recent decline in Bitcoin. He argues that the current price movement is a routine occurrence and does not warrant alarm.

Franzen points to Bitcoin's 1-year and 2-year exponential moving averages, specifically the 52-week and 104-week EMAs, suggesting that these indicators reflect a typical market pattern.

Franzen has previously highlighted market performance beyond crypto. He noted that a $3.86 million S&P 500 investment could have grown to $30 million, far outpacing real estate returns in the same period here. In another analysis, he observed that inflation peaked in 2022, with the most recent surge in crude oil not translating to broader CPI increases here.

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