BITCOIN ON-CHAIN CHARTS UPDATE
Bitcoin is now up by 2.4% in the last 24 hours and has now gotten back to the $37k level. We’re also seeing some bullish candles on the daily (now on a 4-day streak). Could this be the signal of a bitcoin bottom? Let’s look at the charts.
MVRV-Z Score is trending down and nearer towards the green zone which implies more buy signal for hodlers.
Although hitting back at $37k is no significant level, seeing green candles for 4 days now is such a good feeling.
What are your thoughts on these charts? Comment down below.
For more charts relevant to market top readings, stay tuned. 😉
DISCLAIMER: THIS IS NOT FINANCIAL ADVICE.
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Elisa A.
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