Bitcoin – Where are the signs of a local bottom and a price reversal?

NVT golden cross hits -2.21: A possible native backside

Bitcoin’s NVT Golden Cross plummeted to -2.21 – Its lowest in 60 days. This appeared to align with Bitcoin’s 7.5% value correction after peaking at $109k.

Traditionally, readings beneath -1.6 typically point out native backside zones, and the press time worth merely strengthened this chance. Whereas not pinpointing an actual value, this steered that Bitcoin could also be buying and selling close to a possible reversal zone.

Supply: Cryptoquant

Market contributors ought to intently watch this threshold, as previous traits highlighted that recoveries ceaselessly observe such lows.

Coupled with the latest bout of mini-correction, this places up a compelling case for Bitcoin’s short-term bullish restoration amidst ongoing consolidation.

Learn Bitcoin’s [BTC] Worth Prediction 2025–2026

Worth motion and the influence of NVT golden cross

Supply: TradingView

At press time, Bitcoin’s value was persevering with to maneuver inside the $101k to $106k consolidation vary, with a notable failure to breach the $106k resistance degree. The every day chart highlighted a slight uptick as Bitcoin held regular above $105k, following its 7.5% correction from the $109k excessive.

And but, regardless of this, the NVT Golden Cross hitting -2.21 signaled a possible native backside, traditionally aligned with value reversals.

Lastly, the RSI on the chart gave the impression to be hovering round 62, indicating gentle bullish momentum however not an overbought situation. Moreover, the OBV steered regular accumulation, reinforcing the opportunity of a bullish breakout.

If Bitcoin maintains its place above $101k throughout retests, the NVT Golden Cross might act as a key indicator for a possible restoration.