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Bitcoin News | 3 months ago (raw) | export | reply | flag +1 
 Bitcoin metric calls 'local bottom' as traders eye sub-$60K BTC price. BTC price expectations demand a trip below $60,000 before upside continuation, but a market top and
https://yakihonne.s3.ap-east-1.amazonaws.com/89f93336152fbe149c10445b7e780339e16f9ed7ceeb1596414c65c2779b7582/files/1723394505998-YAKIHONNES3.webp
*Bitcoin NVT-GC chart (screenshot). Source: CryptoQuant*
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13026870 | 3 months ago (raw) | root | parent | reply | flag 
 Fresh research from onchain analytics platform CryptoQuant on Aug. 8 shows bullish moves from the network value to transaction golden cross (NVT-GC) tool
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sella maurtan | 3 months ago (raw) | root | parent | reply | flag 
 Bitcoin metric analyzed by CryptoQuant, there are indications of a potential "local bottom" for Bitcoin as traders eye a sub-$60K BTC price. The metric in question is the network value to transaction golden cross (NVT-GC) tool, which has signaled two previous bottom signals in January and July of 2024. Following those signals, Bitcoin experienced subsequent price gains of 78% and 23%, respectively.