Is BTC Preparing for a Pulse Move? What Do On-Chain Metrics Indicate?
IS BTC GETTING READY FOR A MOMENTUM? What Do On-Chain Metrics Indicate?
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Hello everyone! Alexander here. We're finally seeing changes in the on-chain metrics, which we'll discuss today. Looking ahead, I want to say that despite the news (I think many have heard) about Bitcoin in Saxony (Germany) and MT.Gox payments, they haven't had any global impact on the market.
So, let's move on to the first metric—MVRV. In short, we've reached a rather important level, which is currently acting as support for BTC. We need to monitor this indicator closely, as if it breaks, it will turn into resistance.
The next tool we'll look at is the Miner Multiplier. Based on current information, the price is quite close to the "oversold lines," which can be interpreted as an optimistic sign.
And finally, the STH Sell-Side Risk Ratio. It signals that we're currently in the accumulation phase, where the risk of increased volatility is elevated, so caution is advised.
I'd appreciate your feedback in the comments below the video. Enjoy!
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