The Bitcoin NVT golden cross, a key market indicator, suggests a potential surge in Bitcoin's price, with analysts forecasting new all-time highs. The NVT-GC, which measures market cap against transaction volume, has shifted from -2.8 to 0.3, signaling a positive trend. Research from CryptoQuant supports potential price targets between $117,000 and $150,000. Historically, this indicator has preceded significant bullish runs for Bitcoin. Additionally, short-term holder metrics indicate the market is not overheated, with Bitcoin trading slightly above its realized price. Analysts advise monitoring NVT-GC thresholds and short-term holder indicators to confirm the ongoing bullish trend.
Bitcoin NVT Golden Cross Indicates Potential Surge to $150,000
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