Bitcoin Update:: $ETH $SOL
We are still far from the peak.
If you think we have seen or will see the final pump in the coming days or weeks, no. We will go much higher.
The Satoshimeter is at 13 today, which is the midpoint.
Myth: The Satoshimeter uses on-chain data to track Bitcoin market cycles.
It has shown a strong correlation with key phases of the Bitcoin cycle.
Values around 1.6 typically indicate the low points of bear markets, as seen in years like 2011, 2015, 2019, and 2022.
The Satoshimeter also has the potential to indicate absolute market tops. By analyzing on-chain metrics, this indicator provides valuable insights into Bitcoin price movements.
Developed by Stockmoney Lizards.
