What’s A Simple Strategy For Buying & Selling Bitcoin? This Analyst Answers
Summary
An analyst suggests a strategy for buying and selling Bitcoin based on historical patterns of two on-chain indicators: Net Unrealized Loss (NUL) and Net Unrealized Profit (NUP). When NUL breaks above 0.5 during bear market lows, it's a buy signal, while NUP above 0.7 indicates a good time to sell. However, these indicators don't precisely signal tops or bottoms. Currently, Bitcoin is trading at around $69,400, down 2% over the past 24 hours.
