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This Bitcoin price metric just hit 'oversold' for only the 7th time in 8 years
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A Bitcoin (BTC) price metric which made BTC “look seriously cheap” at $56,000 is now in rare oversold territory.
In a tweet on Dec. 6, Philip Swift, Philip Swift, creator of analytics platform LookIntoBitcoin, returned to potentially bullish signals coming from Bitcoin’s Advanced NVT Signal.
Advanced NVT calculates whether Bitcoin is overbought or oversold at a certain price point using market capitalization and network volume.
In late November, when BTC/USD had already fallen to $56,000, Swift
Read more on cointelegraph.comAbout this in other media
Cardano, Binance Coin, The Sandbox Price Analysis: 17 December ambcrypto.com /2 years ago
YFI, HXRO and AR post gains even as Bitcoin price dips to $45.5K cointelegraph.com /2 years ago
Analyst lists 21 factors calling for Bitcoin price upside — But just 4 bearish signals cointelegraph.com /2 years ago
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