Bitcoin Price Analysis: Is BTC Set for New ATH Following the Highest-Ever Weekly Close?

in bitcoin •  3 years ago 

"The NVT has broken out of the downtrend line"

photo_2021-10-19_12-27-59.jpg

✨ NVT is calculated by dividing the BTC network value by the transaction volume.

✨ In the past, when this indicator's downtrend line was broken, network value was quickly confirmed, and BTC price spiked to ATH.

✨ NVT has been in a downtrend since June, and now we see it broke the downtrend from 10 days ago.

✨ Most likely we will soon see a new BTC ATH, an even bigger price bubble about to form.

bitcoin ath blockchain
3 years ago by

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