Bitcoin NVT Golden Cross Hits a 60-Day Low (-2.21): Is a Potential Local Bottom Close?

Bitcoin-NVT-Golden-Cross-Hits-a-60-Day-Low-221-Is-a-Potential-Local-Bottom-Close

What Is Bitcoin NVT Golden Cross?
Bitcoin NVT Golden Cross is a metric designed to identify local bottoms and tops for Bitcoin. It operates based on two critical thresholds:

When NVT Golden Cross drops below -1.6, it signals a potential local bottom.
When it rises above 2.2, it suggests a potential local top is approaching.
Current Situation
Bitcoin NVT Golden Cross has dropped to -2.21, marking its lowest point in the last 60 days.

This week, after Bitcoin reached an all-time high of $109,705, the price retraced by approximately 7.5%. This mini correction triggered my preset alert for NVT Golden Cross, signaling a potential local bottom for Bitcoin.

Rather than indicating a specific price level, this metric suggests that Bitcoin may be trading within a local bottom zone. Historically, such signals have often preceded recovery and trend reversals, making it an important indicator to monitor.