Bitcoin (BTC), largest crypto, might be getting closer to 'last buying opportunity' before radical growth phase
As displayed by @Yodaskk, Z-Score indicators below 0.1 would be considered extremely low. Once the chart leaves the zone and touches it again, Bitcoin becomes too undervalued, which hints at"parabolic" growth incoming.
To prove this thesis, he demonstrated similar patterns that happened two years before the 2017 and 2021 bullish rallies. The short"dip" of the MVRV Z-Score means the final phase of a bearish recession.His audience shares this opinion. Typically, below $24,000 is considered to be a"no-brainer" buy zone in the ongoing period of a market cycle. However, traders should be ready for panic-driven drops to the"low-20s.
As covered by U.Today previously, on Aug. 16, 2023, Bitcoin erased all of its gains of the last nine weeks. In almost no time, the digital gold collapsed below $25,400.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bitcoin on the way to 'bearadise?' $20K is back as a BTC price targetBTC price targets extend below $20,000 with Bitcoin analysts spooked by the week's 11% losses.
Leer más »
Bitcoin on the way to 'bearadise?' $20K is back as a BTC price targetBTC price targets extend below $20,000 with Bitcoin analysts spooked by the week's 11% losses.
Leer más »
Bitcoin (BTC) Current Price Drop Explained by Crypto AnalystBTC had fallen slightly in previous 24 hours to $26,011
Leer más »
Chub Cay: The Bitcoin CitadelChub Cay, a private island in the Bahamas, is quickly becoming a Bitcoin (BTC) haven
Leer más »
Bitcoin speculators are underwater on 88% of their BTC bags — ResearchBitcoin investors diverge over the latest BTC price losses.
Leer más »
Mining 1 BTC in Lebanon is 783x cheaper than Italy: CoinGeckoA recent report from CoinGecko shows that solo Bitcoin mining is profitable for individuals in just 65 countries, factoring in household electricity expenses. In Lebanon, producing one Bitcoin costs approximately 783 times less than it does in Italy.
Leer más »