Part 4/12:
One standout bullish signal is emerging from Delphi's Beval indicator, which maps to Bitcoin price movements. When the Beval drops below 25, it historically signals an impending price uptick, and currently, the metric sits in this green zone, suggesting a strong upside potential.
In tandem, the CME Bitcoin futures market has entered backwardation—a state where near-term futures prices are higher than longer-term ones. This is significant because backwardation typically aligns with bullish market sentiment, reflecting investor expectations of higher prices ahead. It’s been absent since April 2019, making this a noteworthy development.