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coinpedia 2024-02-19 16:33:09

Bitcoin’s NVT Ratio Signals Overheated Sentiment! Here’s Why BTC Price Needs A Retest

The post Bitcoin’s NVT Ratio Signals Overheated Sentiment! Here’s Why BTC Price Needs A Retest appeared first on Coinpedia Fintech News Bitcoin price continues to maintain its bullish momentum, remaining above the $52K threshold as investor confidence is triggered by bullish on-chain ETF reports. Despite this, the surge in purchasing demand for BTC raises alarms about a potential decline ahead, influenced by an overheated market sentiment as highlighted by various on-chain metrics. Such a scenario could …

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