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Bitcoin Bearish Signal: NVT Golden Cross Enters Sell Zone

NewsBTC LogoNewsBTC2 mo ago

Bitcoin Bearish Signal: NVT Golden Cross Enters Sell Zone - NewsBTC

Quick Summary:

Bitcoin NVT Golden Cross Surges, Now Has A Value Of 2.44 As pointed out by an analyst in a CryptoQuant post, this sell signal might lead to BTC’s price dropping in the next ten days.

Related Reading: Which Cryptocurrencies To Buy in 2023: Chainlink (LINK), Aave (AAVE), and Orbeon Protocol (ORBN) Historically, the metric’s value being higher than 2.2 has usually been a signal to sell, while it being less than -1.6 has been a bullish sign.

On-chain data shows the Bitcoin NVT golden cross has now entered into the “sell” zone, something that could be bearish for the price of the crypto.


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Bitcoin Bearish Signal: NVT Golden Cross Enters Sell Zone - NewsBTC (Picture 1)Bitcoin Bearish Signal: NVT Golden Cross Enters Sell Zone - NewsBTC (Picture 2)

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Article Details

Author / Journalist: Hououin Kyouma

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-30 @ 16:00:53 (2 months ago)

News Timezone: GMT +8:00

Ranking: #461 (out of 6495 stories this day)

News Source URL: newsbtc.com

Language: English

Article Length: 393 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 2062571

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 4 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 1 days ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #102

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