Bitcoin Bullish Signal: NVT Golden Cross Suggests BTC Oversold
Summary
Bitcoin's NVT Golden Cross suggests it may be underpriced. The NVT ratio compares market cap to transaction volume. A modified version, the NVT Golden Cross, compares short-term and long-term trends. Currently, the indicator is in the undervalued zone, indicating potential for a rally. Despite recent recovery, the NVT Golden Cross still suggests room for growth. Bitcoin is trading at around $64,900, up 13% in the past week.
