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Bitcoin price metric demands 'strong reaction' as $56K BTC starts to look 'seriously cheap'
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Bitcoin (BTC) is “seriously cheap” at $56,000 relative to network activity — and that means only one thing, one analyst says.
In a tweet on Nov. 24, Philip Swift, creator of analytics platform LookIntoBitcoin, highlighted a bull flag on Bitcoin’s Advanced NVT Signal.
Advanced NVT uses Bitcoin’s market cap and network volume to determine the extent to which BTC is overbought or oversold at a certain price point.
As Swift explains in an introduction to the metric, it builds on the original NVT,
Read more on cointelegraph.comAbout this in other media
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