Investors’ on-chain activity hints at Bitcoin price cycle top above $166,000
After breaking out of the two-months ascending triangle, the price of (BTC) is firmly staying above $60,000. Current on-chain volume suggests investors are still strongly buying Bitcoin at current price levels.
Furthermore, the current price is not even close to a short-term price top when comparing to historic network valuation multiples.
BTC price bull run not overheated, investor activity shows
NVT premium says short-term top possible at $95K
Current NVT premium suggests more upside potential
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