Bitcoin has continued its downtrend, slipping below $80,000 in the recent hours. This raises the critical question of whether the market has hit its bottom yet. On-chain data provides some insights into the current situation. The Bitcoin NVT Golden Cross is a notable metric being monitored, and it's shown to be in oversold territory, as per a CryptoQuant Quicktake post.
Analysts are looking at various indicators to understand the potential for recovery or further decline. The current market dynamics are seen as crucial to predicting future movements in Bitcoin's price.
Источник: bitcoinist.com ↗