Bitcoin (BTC) has increased by 7 % over the past two weeks, indicating signs of strength despite expectations that the US Federal Reserve (Fed) will retain interest rates Unchanged At its next meeting July 30. However, some indicators indicate that the market may enter the temperature area.
Bitcoin market that enters the heat area?
According to Cryptoquant Quicktake Post recently by Burkkesmeci shareholder, the value of the Bitcoin network to Golden Cross (NVT) is in height. More importantly, this upward movement started signal Market temperature signs.
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For beginners, Cross Golden Cross Bitcoin NVT is a technical indicator comparing short -term and long -term moving averages to determine the potential market peaks or bottoms. When NVT crosses in the short medium term in the long term, it often indicates that bitcoin has become indifferent and has a short -term correction.
It is worth noting that this indicator has successfully predicted three local tops so far in 2025. The first happened on February 5, when the NVT Golden Cross reached 2.68 while BTC was traded at a price of $ 97600, followed by a correction of 23.65 %.
On March 24, the index reached its peak at 2.87 with about 8,7500 dollars, which led to a subsequent correction of 16.06 %. Recently – on June 16 – it rose to 2.21 with BTC trading at $ 106,800, followed by a decrease in the 9.87 % price.
Currently, NVT Golden Cross stands at 1.98. Although it has not crossed the 2.2 threshold until now, its upward path indicates that the high temperature in the market can be fermented. The encrypted analyst explained:
Breaking the highest previous level is somewhat upward and the constructive momentum appears. If the scale crosses 2.2 again, it may hint to a local top. But do not rush to go out – historically, the scale remained above 2.2 for several days.
In conclusion, BURAKKESMECI pointed out that although crossing 2.2 may indicate that Bitcoin is heating in the short term, it may also indicate the return of the upscale momentum in the medium term. However, the opinion of the short -term price track in BTC is largely divided.
Analysts were divided into BTC price
NVT Golden Cross suggests that BTC may still have room for gathering before reaching a possible local summit. However, some analysts Prediction Decreased in the short term before Bitcoin reaches its highest level.
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For example, the famous encryption analyst Shivui Described The current BTC warning as a “deceptive preparation”, warning that it may wear bulls before a possible increase in the highest new level (ATH) of $ 160,000.
Meanwhile, Glassnode Expectations The peak of short -term BTC at $ 117,000. At the time of the press, BTC is trading at $ 10,204, a decrease of 0.1 % in the past 24 hours.
A distinctive image of Unsplash, plans from Cryptoquant and TradingView.com
The post Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top first appeared on Investorempires.com.
