Currently, Bitcoin is trading within the range of 101,000 USD to 106,000 USD. It faced resistance at 106,000 USD, but recent metrics suggest a possibility of a local bottom and upcoming price reversal. This signals great interest from market participants who are observing the key support levels.
The NVT Golden Cross metric recently hit -2.21, its lowest in 60 days, hinting at a potential reversal zone for Bitcoin. Following a price correction from 109,000 USD, investors are closely monitoring price movements to determine if a bullish recovery is on the horizon.
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