Bitcoin's NVT Golden Cross at -2.24: What It Means for Investors
The NVT golden cross number for Bitcoin is now at -2.37. When this number goes below 2, it usually means good news for Bitcoin's price. This has happened 6 out of 7 times before, and it often shows that Bitcoin's price might experience a rally in the next 2-3 months.
But, there was one time it didn't work out. On April 29, 2021, even though the NVT golden cross was lower than 2, Bitcoin's price actually fell from $55,000 to $33,000.
A wick to $45k is possible and i would be buying quite a bit if that happens. Let's see if we manage to hold $51k.
Written by Onchain Edge