đ Bitcoin's Rollercoaster: Ready for a Rebound? đ
Hold onto your hats, crypto enthusiasts! Bitcoin (BTC) is hinting at a third "local bottom" in 2024, according to CryptoQuant's NVT-GC tool. Think of it as Bitcoin's version of a mood ring, showing when prices are too hot or too cold.
Despite recent "death cross" warnings, the NVT-GC suggests BTC is cooling downâpotentially setting the stage for a rebound. Previous signals in January and July led to gains of 78% and 23%.
Will history repeat itself? Share your thoughts below! đđ
#Bitcoin #CryptoTrends #BTC
