Rally

Bitcoin

Momentum

The post <a href="https://coinpedia.org/crypto-live-news/bitcoin-nvt-golden-cross-signals-bullish-momentum-as-etfs-and-miners-fuel-rally/" rel="noopener noreferrer nofollow">Bitcoin NVT Golden Cross Signals Bullish Momentum as ETFs and Miners Fuel Rally</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Bitcoin’s NVT Golden Cross (NVT GC) at 0.14 points indicates a potential local bottom in the $69K-$70K range. This aligns with Bitcoin’s recent surge above $70K, bolstered by a massive $886 million net inflow into US Bitcoin ETFs, the second-highest ever.
Additionally, the Miners’ Position Index (MPI) shows miners are selling less, with a value of -1.1247, down 22.37% in 24 hours. This combination of reduced miner selling and substantial ETF inflows reinforces strong bullish sentiment, suggesting Bitcoin is poised for continued upward momentum.

Bitcoin NVT Golden Cross Signals Bullish Momentum as ETFs and Miners Fuel Rally

CoinPedia News

Other articles published on Jun 5, 2024

MoonBag Sizzles to the Top Crypto Presale in 2024 as Dogeverse Investors Buy 40ETH Worth of MBAG ...

Investors Are Dumping Chainlink and Dogeverse To Accumulate MoonBag as It Ranks Best Crypto Presa...

High Potential Altcoins: Bitgert, Gamestop, Arbitrum, Nexo, Filecoin

Inside the NFT Wash Trade: How Fake Volume Distorts the Market

Bitcoin’s Rally: Which Altcoins Are Set to Explode?

2024’s Star Attraction: MoonBag Coin Presale Lures Investors, Leaving FET and DOT in the Crypto Dust

Join our free newsletter for daily crypto updates!