Bitcoin ‘enters value zone’ as BTC price floor metric goes green again
Dynamic range NVT returns to levels seen just twice in two years: the March 2020 coronavirus crash and last year's reaction after Chinese miners shut down. Bitcoin (BTC) has just reentered a key price zone which has signalled the beginning of the end for bear phases, data confirms.In a tweet on Jan. 24, Charles Edwards, founder of crypto investment firm Capriole, flagged Bitcoin's network value to transaction (NVT) ratio metric as it delivered a new and rare "oversold" signal.NVT says it's reversal timeBitcoin price losses accelerated over the weekend, with the market not far off a retest....
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