Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    AI goes mainstream, billions will be poured through InQubeta and QUBE

    June 15, 2023

    Flare Network connects 75 Blockchains via LayerZero

    July 6, 2024

    Bullish Ramifications of India Supreme Court’s Bitcoin Ruling

    May 17, 2023
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      Dow, S&P 500, Nasdaq mixed as investors weigh tariff talks

      July 1, 2025

      Saylor Strikes Again: Strategy Bags Another 4,980 Bitcoin in Latest Buying Spree

      June 30, 2025

      Bitcoin Bears Are Taking Fresh Market Positions, But Are They Safe?

      June 29, 2025

      $430M in Transactions as Virtual Asset Payments Surge 630% in a Year

      June 28, 2025

      2 Altcoins That Might Outperform Ethereum (ETH) in 2025

      June 27, 2025
    • Technology

      XRP ETF buzz boosts XYZVerse presale momentum as investors eye a potential breakout

      July 1, 2025

      Comment on Metaplanet Joins Top 5 Bitcoin Holders With 13,350 BTC as Stock Surges 10% by Hiko Arnold

      June 30, 2025

      Crypto Theft Surge: $2.1 Billion Stolen in First Half of 2025

      June 29, 2025

      US House Passes Blockchain Bill 2025

      June 28, 2025

      Top blue-chip altcoins to buy as Nasdaq 100 Index hits ATH

      June 27, 2025
    • Learn/Guide

      Platform Utility meets Scarcity: How $Fun’s in-game demand boosts its price

      July 1, 2025

      Ripple-backed XRP Ledger launches EVM-compatible sidechain on mainnet

      June 30, 2025

      REX-Osprey Ethereum, Solana staked ETFs may launch soon as SEC raises no objections

      June 29, 2025

      Ripple drops cross-appeal as SEC set to follow, closing XRP case

      June 28, 2025

      Elon Musk announces Grok 4 to be released just after July 4

      June 27, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Bitcoin NVT Golden Cross Hits 60-Day Low: Is This Bullish?
    News

    Bitcoin NVT Golden Cross Hits 60-Day Low: Is This Bullish?

    January 24, 20253 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Bitcoin NVT Golden Cross Hits 60-Day Low: Is This Bullish?
    Share
    Facebook Twitter LinkedIn Pinterest Email


    On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross has plummeted recently. Here’s what this could mean for BTC’s price.

    Bitcoin NVT Golden Cross Has Plunged Into Bottom Zone Recently

    As explained by an analyst in a CryptoQuant Quicktake post, the BTC NVT Golden Cross has declined to the lowest level in two months recently. The “NVT Ratio” refers to an indicator that keeps track of the ratio between the Bitcoin market cap and transaction volume.

    When the value of this metric is high, it means the value of the network (that is, the market cap) is high compared to its ability to transact coins (the transaction volume). Such a trend implies the asset may be overvalued.

    On the other hand, the indicator being low suggests the cryptocurrency could be due to a bullish rebound as its volume is high compared to its market cap.

    In the context of the current topic, the normal version of the NVT Ratio isn’t of interest, but rather a modified form known as the NVT Golden Cross. This metric compares the short-term trend of the NVT Ratio with its long-term one to determine whether its value is near a top or bottom.

    The NVT Golden Cross uses the 10-day moving average (MA) of the NVT Ratio to track short-term trends and the 30-day MA for long-term ones.

    Now, here is a chart that shows the trend in the Bitcoin NVT Golden Cross over the last couple of months:

    In the graph, the quant has highlighted two zones that have historically proven to be relevant to the Bitcoin NVT Golden Cross. The red zone, situated above a value of 2.2, is where the indicator has been the most likely to see a reversion to the mean zero level.

    Similarly, the green zone corresponding to values under -1.6 is where bottoms in the metric have tended to form. As the color coding already implies, ventures into these zones have often meant a bullish and bearish outcome for BTC, respectively.

    From the chart, it’s apparent that the NVT Golden Cross surged into the overheated territory around the time of last month’s price top. Since then, the indicator has gradually been making its way down, with its value today finding itself submerged in the undervalued region.

    The current value of -2.21 is the lowest that the metric has been in around 60 days. Given the historical pattern, it’s possible that this could imply Bitcoin may be near a local bottom, if one isn’t already in.

    BTC Price

    Bitcoin has settled into a phase of sideways movement during the last few days as its price is still trading around the $105,200 mark.

    Bitcoin Price Chart



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Dow, S&P 500, Nasdaq mixed as investors weigh tariff talks

    July 1, 2025

    Saylor Strikes Again: Strategy Bags Another 4,980 Bitcoin in Latest Buying Spree

    June 30, 2025

    Bitcoin Bears Are Taking Fresh Market Positions, But Are They Safe?

    June 29, 2025

    $430M in Transactions as Virtual Asset Payments Surge 630% in a Year

    June 28, 2025
    Top Posts

    5 Best Cardano Casinos, Slots & Gambling Sites in 2024

    July 1, 2024

    Wall Street explore industrializing blockchain experiment findings

    May 13, 2024

    Initial Game Offering: An Easy Guide For Beginners

    September 29, 2023

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    Dow, S&P 500, Nasdaq mixed as investors weigh tariff talks

    July 1, 2025

    Saylor Strikes Again: Strategy Bags Another 4,980 Bitcoin in Latest Buying Spree

    June 30, 2025

    Bitcoin Bears Are Taking Fresh Market Positions, But Are They Safe?

    June 29, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.