Post
PhyrexNi
·
--
Has Bitcoin and Ethereum hit the bottom? Is it a rebound or a reversal now??
LTH-NUPL is one of the best indicators for buying the dip for $BTC that I have always believed in, the other being VIX. Of course, VIX is primarily meant for the US stock market and seems a bit rough for Bitcoin, but the data from LTH-NUPL has never been wrong when it comes to buying the dip.
From the current situation, although the price of Bitcoin fell to 60,000 USD on February 6, according to the data from LTH-NUPL, it has only entered the yellow area and has not yet reached the orange and red positions. Generally speaking, red indicates a very high certainty of a buying opportunity, while yellow usually represents the transition between bull and bear markets.
From the current situation, although the price of Bitcoin fell to 60,000 USD on February 6, according to the data from LTH-NUPL, it has only entered the yellow area and has not yet reached the orange and red positions. Generally speaking, red indicates a very high certainty of a buying opportunity, while yellow usually represents the transition between bull and bear markets.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.