Part 7/15:
The Tabby Model, a composite of over 20 on-chain metrics, indicates Bitcoin remains in a "full bull" zone despite minor dips. The recent $3,000 candle fluctuations show typical signs of a bullish environment, with high volatility unsuited for risk-averse traders but welcomed by those seeking alpha.
The Fear and Greed Index hit 76, signaling strong investor confidence. Year-to-date, Bitcoin has gained over 11%, a respectable return considering the turbulent start to 2024. Additionally, Bitcoin achieved its first-ever Golden Cross on the weekly chart—a rare event indicating long-term bullish momentum—and coincides with the upcoming halving and ETF approvals, adding layers of technical confirmation to bullish sentiment.