The NVT Golden Cross is utilized for predicting the local lows and local highs of the market. Values below '-1.6' suggest a potential long signal, while '2.2' indicates a potential short signal. In past cycles, we experienced a correction in the market after reaching levels around '2.2'. At the end of March, with the Bitcoin price around 71000, the NVT value reaching '3.17' levels served as an indicator of reaching a local peak.
Written by tugbachain