Bitcoin NVT Golden Cross Reaches Lowest Level in 60 Days

Recent on-chain data indicates that the Bitcoin Network Value to Transactions (NVT) Golden Cross has dropped significantly, reaching its lowest point in two months.

NVT Golden Cross Overview

The NVT Ratio measures the relationship between Bitcoin's market cap and transaction volume.
A high NVT Ratio suggests potential overvaluation, while a low ratio may indicate a bullish rebound possibility.
The NVT Golden Cross utilizes 10-day and 30-day moving averages of the NVT Ratio to identify short-term and long-term trends.

Current NVT Golden Cross value stands at -2.21, marking a significant decline. This level historically suggests a potential local bottom for Bitcoin.

Current BTC Price

Bitcoin is experiencing sideways movement, trading around $105,200.

Bitcoin Price Chart