Both these metrics mean a huge buy signal for Bitcoin
At press time, Bitcoin’s NVT is at a level last seen throughout the earlier stage of the COVID pandemic. As discussed previously, this metric is expected to be utilized in combination with other metrics.Here’s why low NVT is bullish for bitcoin: A low NVT ratio is seen typically near the rate bottoms; ergo cost can be anticipated to increase greater. Last time, NVT was this low, the rate was in the low $5000-range.
