📊 Cumulative Value Days Destroyed (CVDD): The Ultimate Metric for Bitcoin Price Bottoms!

CVDD is one of the most precise metrics for identifying Bitcoin price bottoms. We took it a step further and created a channel based on CVDD, featuring multiple lines that impressively map support and resistance zones throughout Bitcoin's history.

📉 What's happening now?

Recently, Bitcoin tested the CVDD x 3.618 line, a level derived from the Fibonacci ratio. This line has played a critical role in the past, marking both local tops and bottoms.

💡 Currently, the CVDD x 3.618 sits at $100,220 USD. If the price breaks above this region, it could pave the way for extremely high levels. However, the current behavior resembles the end of 2020.

⚠️ Alternative scenario: If BTC fails to hold this level, we might see a pullback to the $73.8K to $79K range, which would act as support on lower lines.

🧐 Are we on the verge of a new all-time high, or could we face a retracement like in 2019?

🚀 Take advantage of our promotion!

Use the code BLACK to get 75% off the Pro plan + 3 days free. Offer valid until December 6th ⏳.

👉 alphractal

👉 platform.alphractal