Bitcoin Forms Third Golden Cross In History, Recovery to ATH?
However, the on-chain data for Bitcoin shows an overall improvement in network activity. While the BTC price recently corrected from $32,000 to $29,000, the total number of new Bitcoin addresses has continued to rise. “ This bullish divergence between price and network growth hints at a stable long-term BTC uptrend. Buy the dip!” writes popular crypto analyst Ali Martinez. advertisement Courtesy: Glassnode Other on-chain indicators also signal a bullish momentum for Bitcoin. Martinez explains: “ All major $BTC oscillators (MVRV, aSOPR, Puell Multiple, and Reserve Risk) continue to hover above the 0 line. This indicates the ongoing price correction might just be a blip”. Courtesy: Glassnode/ Ali Martinez Bitcoin Golden Cross, BTC Price Recovery Begins In a post on TradingView last week August 4, crypto trading analyst TradingShot noted that Bitcoin has just crossed the golden-cross indicator for the third time in history. Thus, it ...