[BTC on-chain indicator update]
The "Line3 bottoming" near 56k is in full swingđ
Currently, BTC has bottomed out near Line3 for about 1.3 months
See original
LIVECryptoChan
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From November to December 2022, BTC bottomed out at Line1 (around 16k) for about 2 months
From August to October 2023, BTC bottomed out at Line2 (around 25k) for about 2 months
Currently, BTC has bottomed out at Line3 (around 56K) for about 1 month
The figure shows a Bitcoin price cycle model, which is designed based on on-chain data such as Coin Days Destroyed, Liquid Supply, and Realized Price. It uses 5 lines to fully cover the entire historical coin price from the top to the bottom.
From August to October 2023, BTC bottomed out at Line2 (around 25k) for about 2 months
Currently, BTC has bottomed out at Line3 (around 56K) for about 1 month
The figure shows a Bitcoin price cycle model, which is designed based on on-chain data such as Coin Days Destroyed, Liquid Supply, and Realized Price. It uses 5 lines to fully cover the entire historical coin price from the top to the bottom.
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BTC
59,326.89
-1.18%
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