If this is true, Bitcoin will soon exit the bear market

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

TrueUSD’s market cap has been on the rise, which historically was followed by hikes in BTC’s price. Metrics also pointed at a possible market bottom.

Also, the low NVT Signal suggested a possible market bottom, indicating that this was the right time to accumulate Bitcoin. In fact, whales have already started accumulating, a sign that they were expecting the coin’s price to surge in coming days.added about 11,629 coins to their existing supply since the crash on 17 August.

Not only the aforementioned updates, but several other metrics also supported the possibility of a price uptick. For instance, BTC’s exchange reserve decreased. BTC’s aSORP was green as well.This meant that more investors were selling at a loss. However, in the middle of a bear market, it can indicate a market bottom.inary CDD was green, suggesting that long-term holders’ movements in the last seven days were lower than average.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Miners’ Stock Market Lifeline Becomes Irritant to ShareholdersThe equity lifeline used by many Bitcoin miners to help weather the most recent crypto winter is beginning to irk some shareholders.
Source: BNNBloomberg - 🏆 83. / 50 Read more »