Bitcoin is in the intermediate phase of the current cycle. The NUPL–MVRV Harmonic Composite is 0.33, while past cyclical bottoms began near -0.5.


The chart also shows an upward shift of cycle lows, suggesting capitulation extremes are becoming less severe. Even so, the indicator remains well above the historical bottom zone - full market capitulation is not yet confirmed.
BTC-3.25%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin