CryptoCointelegraphabout 2 hours ago
Bitcoin may need new lows for cycle bottom
1 min read
Bitcoin's NUPL metric sits at 0.158, a level last seen in early 2023. CryptoQuant analysis shows the 100-day EMA of NUPL must fall below zero to match historical cycle bottoms, as seen in 2011, 2015, 2018, and 2022. BTC at $60,000 leaves room to drop before matching those lows.
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