BITCOIN ON-CHAIN CHARTS UPDATE
Let’s look at another chart for today’s Bitcoin update: Bitcoin Reserve Risk.
The increasing yellow line suggests healthy confidence in Bitcoin’s future. This shows the number of holders increasing in time.
The blue line represents the Median Value of Coin (Days) Destroyed. As long as the MVOCD is below the Bitcoin Price (in black), that means there are more Coin Days created (held) than destroyed (spent).
Down to the last part of the chart, we see the Reserve Risk touching the upper region of the buy zone. Although this shows a good time to buy, let’s wait until we see it bottomed for maximized profits.
What are your thoughts on this chart? Comment down below.
For more charts relevant to market top readings, stay tuned. 😉
DISCLAIMER: THIS IS NOT FINANCIAL ADVICE.
ABOUT THE AUTHOR
Elisa is our Head of Market Analysis at Rocket Crypto X
You can join her Slack channel to get real-time updates from the top Crypto influencers.
If you like her work, please help support the blog. Tip Elisa!
Donate Ethereum to this address
Scan the QR code or copy the address below into your wallet to send some Ethereum
For more deals, check out our deals page