At 5:05 AM on November 15, 2024, the NVT Golden Cross metric triggered a "local bottom" alert.

At-505-AM-on-November-15-2024-the-NVT-Golden-Cross-metric-triggered-a-local-bott

At 5:05 AM on November 15, 2024, the NVT Golden Cross metric triggered a "local bottom" alert.

Let me start with a warning:
A local bottom area is not a precise level.

🟢 What is the NVT Golden Cross?
The NVT GC helps identify (gradual) buy and sell zones in short-term trends.

When the NVT GC exceeds 2.2 points (red zone), it signals that the price in the short-term trend is overheating, indicating a potential local top area. Conversely, when the NVT GC drops below -1.6 points, it suggests that the price is cooling off excessively, signaling a potential local bottom area.

✅ Conclusion
What happened after this long-awaited on-chain alert?

Bitcoin rose by 3.18% within just 18 hours. Additionally, it may be more accurate to interpret the NVT Golden Cross as indicating an area rather than a precise level for local bottoms. In this context, it could present a gradual buying opportunity for investors.