**Bitcoin Signals Potential Bottom in 2024 Amid Mixed Market Indicators**

Bitcoin might be hitting its third "local bottom" in 2024, according to fresh research from CryptoQuant. Their NVT-GC tool, which compares Bitcoin’s market cap to transaction values, suggests BTC is cooling down excessively.

- **Death Cross Warning:** Despite fears of a "death cross" from moving averages, long-term indicators hint at a rebound.

- **NVT-GC Insights:** This tool, similar to Bollinger Bands, shows BTC is in a local bottom area, previously leading to gains of 78% and 23%.

- **Current Market Sentiment:** Bitcoin hovered around $60K over the weekend, but traders like Crypto Tony predict a dip to $58,300.

Stay tuned for more updates as the market evolves.