Recent on-chain data indicates that the Bitcoin Network Value to Transactions (NVT) Golden Cross is signaling a potential bearish trend for Bitcoin’s price. Currently, the NVT Ratio, which compares Bitcoin’s Market cap to its transaction volume, is high, suggesting the cryptocurrency may be overvalued. An analyst noted that the recent sharp rise in the NVT ...
Bitcoin’s price has recently dropped below the $85,000 support, causing concern among traders. After failing to maintain levels above $88,500, BTC fell heavily, testing the $80,000 zone. Currently, the price is below $82,200 and facing resistance around $83,800. If Bitcoin cannot break above $85,000 soon, it risks further declines. Immediate support is at $80,000, with ...
Bitcoin has been trading between $94,000 and $100,000 since early February, currently sitting at around $95,600. If it drops below $94,000, it may fall to $90,000. Ethereum recently rose nearly 6% but is now slightly down at about $2,754, showing weak momentum. If it declines further, it might test the support level at $2,359. Ripple ...
