Tuesday, July 15, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Bitcoin

Bitcoin NVT Golden Cross Nears Local Bottom

n70products by n70products
January 20, 2025
in Bitcoin
0
Bitcoin NVT Golden Cross Nears Local Bottom
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Crypto analyst Burak Kesmeci has lately shared one other bullish prediction on Bitcoin (BTC), indicating the maiden cryptocurrency could also be on an uptrend for the foreseeable future.  Within the meantime, BTC continues to hover round $104,000 exhibiting no important motion over the previous day following a powerful worth restoration prior to now week.

Bitcoin NVT Golden Cross Nears Native Backside, Value Uptrend Secured 

In an X post on January 18, Kesmeci offered invaluable insights on the Bitcoin market utilizing the Bitcoin NVT Golden Cross metric. For context, the Bitcoin Community Worth to Transaction (NVT) is a fundamental ratio of the asset’s market cap to its transaction quantity. It’s used to gauge whether or not the market worth is overvalued or undervalued based mostly on community exercise.

Nonetheless, the Bitcoin NVT Golden Cross is a extra superior model of NVT that includes the usage of short-term and long-term transferring averages. It’s notably efficient for figuring out market cycle tops and bottoms by monitoring modifications in momentum.

Bitcoin
Supply: @burak_kesmeci on X

Over the previous 12 months, Kesmeci notes that the Bitcoin NVT Golden Cross has reached its native backside zone i.e. ≤ -1.6 factors some 5 occasions. At every time this occurred, BTC costs rebounded and produced an uptrend. Most notably through the US election week, Bitcoin costs soared because the NVT Golden Cross touched its native backside.

Presently, Kesmeci notes this NVT Golden Cross is at -1.44 having been on a downtrend over the previous 47 days. A steady fall to the native backside zone (≤-1.6) would affirm the validity of BTC’s current restoration resulting in a sustained uptrend. 

For long-term buyers, the crypto analyst shares that the Bitcoin NVT Golden Cross has been forming increased native bottoms since July 2024, indicating the premier cryptocurrency has gathered a powerful upward momentum backing its potential for additional positive factors.

BTC Bulls Cost As Bull Run Intensifies

In different information, the Bitcoin market bulls are making large strikes following the asset’s worth acquire prior to now week. Based on CryptoQuant analyst Crazzyblockk, knowledge from Binance exhibits that the month-to-month Taker Purchase-Promote Ratio gained by 18+%, a share change final recorded in June 2022.

In buying and selling, the Taker Buy-Sell Ratio compares the variety of market purchase orders to market promote orders. The reported optimistic acquire within the Taker Purchase-Promote Ratio signifies patrons are the extra aggressive market individuals during the last month reflecting a powerful bullish sentiment.

On the time of writing, BTC trades at $104,541 after a 1.02% acquire prior to now day. The premier cryptocurrency can also be in income on bigger timeframes reflecting positive factors of 15.14% and eight.54% within the final seven and 30 days, respectively.

Bitcoin
BTC buying and selling at $104,653 on the day by day chart | Supply: BTCUSDT chart on Tradingchart.com 

Featured picture from Fortune, chart from Tradingnview



Source link

Tags: BitcoinBottomCrossGoldenLocalNearsNVT
Previous Post

Cardano (ADA) Slips: A Healthy Correction or Bulls Losing Grip?

Next Post

What’s the value of Trump’s new memecoin?

Next Post
What’s the value of Trump’s new memecoin?

What’s the value of Trump’s new memecoin?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Bitcoin could hit $135K in 100 days, says analyst watching VIX drop

Bitcoin could hit $135K in 100 days, says analyst watching VIX drop

May 15, 2025
Spot Bitcoin ETFs Record Over $800 Million In Net Inflows in Debut Week

Spot Bitcoin ETFs Record Over $800 Million In Net Inflows in Debut Week

January 15, 2024
Ethereum Breaks Multi-Year Downward Parabola vs Bitcoin – Bullish Reversal?

Ethereum Breaks Multi-Year Downward Parabola vs Bitcoin – Bullish Reversal?

May 10, 2025
Meet the teams at the Devcon Impact Forum

Meet the teams at the Devcon Impact Forum

October 26, 2024
US Banks Can Hold Bitcoin and Crypto Under Incoming Trump Executive Order: Report

US Banks Can Hold Bitcoin and Crypto Under Incoming Trump Executive Order: Report

January 14, 2025
Analyst Says Bitcoin Price Could Rise 3x To $300,000 As AVIV Levels Resemble Previous Bull Cycles

Analyst Says Bitcoin Price Could Rise 3x To $300,000 As AVIV Levels Resemble Previous Bull Cycles

June 18, 2025

Recent Posts

  • Ripple Vs. SEC: Former SEC Lawyer Reveals What Is Holding Back The Lawsuit
  • Ex-Wemade CEO Jang Hyun-guk Acquitted of WEMIX Manipulation Charges
  • Ethereum’s Wall Street moment: Why ETH traders are clued into $2.8K

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

Ripple Vs. SEC: Former SEC Lawyer Reveals What Is Holding Back The Lawsuit

Ripple Vs. SEC: Former SEC Lawyer Reveals What Is Holding Back The Lawsuit

July 15, 2025
Ex-Wemade CEO Jang Hyun-guk Acquitted of WEMIX Manipulation Charges

Ex-Wemade CEO Jang Hyun-guk Acquitted of WEMIX Manipulation Charges

July 15, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
💵 Turn Every Dollar Into Crypto Rewards! Wirex lets you spend dollars or bitcoin — and get up to 8% back in crypto instantly. 💸 Exclusive offers dropping soon — stay tuned!
“Offers Launching Soon”
This is default text for notification bar
Learn more
Go to mobile version