Bitcoin Charts Update: Bitcoin goes to 35k

BITCOIN RESERVE RISK SHOWS GREAT BUY POTENTIAL WHEN BITCOIN BOTTOMS

BITCOIN ON-CHAIN CHARTS UPDATE

Let’s look at another chart for today’s Bitcoin update: Bitcoin Reserve Risk.

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 A.

Elisa is our Head of Market Analysis at Rocket Crypto X

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