RATE Group | Top Predicting Signal Hits Highest Peak, Is a 50% Drop Ahead?
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Top Predicting Signal Hits Highest Peak, Is a 50% Drop Ahead?

31 Jul Top Predicting Signal Hits Highest Peak, Is a 50% Drop Ahead?

Posted at 20:23h in Bitcoin News by

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Bitcoin price is at a critical junction, with either a major bull run ahead or a deeper correction that could mean the bear market hasn’t yet ended. A powerful indicator called the NVT ratio – designed by one of the crypto community’s best and brightest – has been used to time the tops and bottoms of Bitcoin bubbles, and is currently showing that Bitcoin has fallen from the highest levels it’s ever reached.

The last three times Bitcoin reached such high NVT levels, it feel on average 50%. Could a similar drop be ahead? The signal also never signalled a bottom was in back in December, which could suggest that if Bitcoin does drop it could fall further than many are expecting.

Bull Market? Using NVT Ratio and Signal to Determine if Bitcoin Has Topped

Bitcoin is a powerful financial technology. So powerful, it often borders on religion, and many evangelists work tirelessly to spread the word about the first-ever crypto asset to the masses. Others contribute in other ways,…

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