Triggered Bitcoin NVT Sell Range Signals Coming Downtrend

According to a recent Bitcoin analysis report, the price of Bitcoin appears to be on the rise, but the NVT Golden Cross coin has only recently crossed the normal. A rise in the NVT Gold Cross signals the arrival of a bear market. Bitcoin NVT Signals Coming Downtrend Cryptanalytics Network Crypto quant recently tweeted, “Bitcoin price goes up, but NVT sell region is triggered.” If the metric breaks below -1.6, it's a bullish signal.

However, the index has recently climbed above 2.2 and is now at 2.44 and continues to climb. Bitcoin is therefore already in the sell zone. A similar event was recorded in May when NVT's gold cross reached the 2.7 mark. A few days later in early June, the value of Bitcoin fell from his $30,000 to his $20,000. Analysts conclude that Bitcoin could turn bearish over the next 10 days as the indicator crossed the default threshold. At the time of writing, Bitcoin was in an uptrend he started 72 hours ago and reached almost $17.2k. BTC price surged from $16.78K to $16.98K. Within the same 24-hour period, the coin hit a high of $17.2k. However, based on the NVT analysis, at $12k. Many others believe BTC could go to sub $10k in the next few days or weeks. Crypto markets remained slightly bullish In the past 24-hour period, the general crypto market continued to record some small bulls. The market cap increased by about 0.27%. However, there was some general price uncertainty among some assets. Ethereum began the day trading at $1272, and when writing this report, the coin was trading at just around the same value. But, the coin's 24-hour high was $1301. BNB coin took a negative turn today, recording some slight price drops. The coin's value dropped from $296.8 to $290.7, a 1.98% price plunge. Dogecoin has also seen some price drops over the past 24 hours. The coin moved from $0.1024 to just under $0.102. Over the past seven days, Doge has risen more than 25%, making him one of the biggest gainers. The Cardano coin has increased in value by about 0.4%, from $0.314 to $0.315 over the past 24 hours. Like other coins, this coin also surged at some point during the day, peaking at $0.32. XRP has seen some small losses over the past day, with the coin plummeting from $0.399 to $0.396, which is a small margin. Crypto quant’s NVT signal report means that some investors in these coins should prepare for a sharp drop in his BTC price, which will also affect crypto.

 Rising Tether Loans Cause Fear in Cryptocurrencies As the trajectory of the cryptocurrency market remains uncertain in the coming weeks, a recent report notes that an increase in Tether loans is fueling fear in the market. I'm here. The Tether network is constantly lending coins to others, raising the question of whether there is sufficient liquidity in times of crisis. Such fears could pile up and cause serious FUD affecting the crypto market in the coming weeks.