“Up to a month. According to a recent Cryptoquant team analysis, bitcoin can reach new historical maximums for several weeks. The NVT Golden Cross indicator, which measures the cost of the network relative to transactions, shows that the BTC price still has the potential for growth. And this indicator accurately predicted bull movements in the past. Key points in this article: According to Cryptoquant forecasts, bitcoin […]”, – WRITE: Businessua.com.ua
Up to a month. According to a recent Cryptoquant team analysis, bitcoin can reach new historical maxima within a few weeks. The NVT Golden Cross indicator, which measures the cost of the network relative to transactions, shows that the BTC price still has the potential for growth. And this indicator accurately predicted bull movements in the past.
The key points of this article:
- According to Cryptoquant forecasts, bitcoin will potentially reach new historical maxima using the NVT Golden Cross indicator.
- Axel Adler Jr. also estimated that BTC may soon enter the price determination phase according to the Z-Index of Sth MVRV.
Gold Cross NVT: an indicator that is worth paying attention to Indicator NVT Golden Cross (NVT-GC) compares the market capitalization of bitcoin with worth transactions in blockchain. It helps determine whether overestimated BTC whether undervalued. This indicator is currently in neutral The zone, that is, the price of bitcoin is neither too high nor too low.
According to Cryptoquant, Negative NVT-GC value usually indicates a future bullish Trend. And vice versa, Positive NVT-GC value signals a possible Correction . In July, NVT -GC was -2.8, which is a strong signal for purchase. Today it is 0.3, which indicates that BTC still has the potential for growth.
According to this indicator allocated by Cryptoquant, the price of Bitcoin may soon increase – source: Cryptoquant
New maximum for bitcoin by October? Cryptoquant Not the only one optimist . Axel Adler Jr., another analyst thinks BTC can enter the definition phase Prices by October. It is based on it on Z-Score sth mvrv another indicator that measures the ratio of market value to the realized value.
According to him, this Z-evaluation of Sth Mvrv is close to zero, which indicates the balance of the market. “The price of BTC is slightly higher than the short-term realized price, which creates the conditions for consolidation within 1-2 weeks with a potential impetus for a new ath,”– He said.
Summarizing, it seems that everything is gone for bitcoin. Whether the Gold Cross NVT or the Z-Index Sth Mvrv, indicators show that bitcoin still has potential and that we can move toward Aptobera that everyone is waiting for and for which they hope .
Source: Journalducoin.com
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