Watch the NVT tool for $ 150,000 BTC Price, analysis said

Key points:

  • Bitcoin takes advantage of another golden cross, this time from the NVT indicator.

  • The previous crosses all preceded the major price periods of the BTC.

  • Price objectives include new heights of all time in the weeks in the weeks.

Bitcoin (BTC) remains in a “healthy trend” with new peaks of all time expected in a few weeks.

The latest searches of the ONCHAIN ​​Analytics Cryptochant platform indicate that the action of the BTC price has a place for “expansion” at $ 117,000.

Bitcoin awaits gains from the new NVT gold cross

Bitcoin is still far from overheated, according to a classic leading indicator which predicts the summits and lower btc price.

The network value tool for Golden Cross transaction (NVT-GC), which compares market capitalization to the value of ONCHAIN ​​transactions within a given time, is currently in “neutral” territory.

NVT -GC negative values, in particular those of -1,6 on its scale, generally precede the price periods. Once the metric passes 2.2, a downward reversal becomes more likely.

The most recent long signal came in July, when NVT -GC reached -2.8. He then rebounded at 0.3.

“This does not indicate an extreme overvaluation or an undervaluation, but rather a healthy upward trend,” said the cryptocurrency contributor this week.

“In the short term: with unrealized metric, Bitcoin is not yet in bubble territory. There is still room for price expansion. ”

Bitcoin NVT-GC. Source: cryptocurrency

NVT-GC has an impressive recent history. Its four previous dive in the “Long” area have all led to BTC price gains, including in August 2024.

BTC Price due “Potential Push” at all high time

Metric adds to the revealing signs that the bitcoin bull market is not yet finished.

In relation: Bitcoin rehearsals can move because the analysis expects a force test at $ 118,000

As Cointelegraph reported it, July also sparked a “Buy” signal on the convergence / average mobile (MacD) convergence, while the analysis argued that it is not yet time for a blow.

In its latest content X, its colleague cryptocurrency contributor Axel Adler Jr. suggested that the discovery of the BTC prices could return by October.

“The price of the BTC is located just above the price made Sh, preparing the land for 1 to 2 weeks of consolidation with a potential thrust for ATH,” he wrote, referring to the basis of the overall cost of Bitcoin Wallets hulls for six months.

Ay was more prudent, seeing a potential target of $ 150,000 when the fourth quarter enters.

“Overall, Bitcoin is not in a high-risk area,” she concluded.

“Historical models suggest that the price could climb to the range of $ 120,000 to $ 150,000 in the coming months.”

This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.