Technical analysis by burakkesmeci about Symbol BTC: Buy recommendation (2/7/2025)

What is Advanced NVT Signal? Simply, this signal indicates how "healthy" the operations in the network network (the amount spent BTC amount) are compared to the market value. If NVT is high, the transaction volume is low, but the price is high. This indicates that Bitcoin may be over -valued. If the NVT is low, the transaction volume is high, but the price is relatively low. This shows that Bitcoin may be ready to be cheap or ready to be valued. The last 1 year PerformanceBitcoin Advanced NVT met the last 1 year performance, we see that it produces local bottom signal 4 times in 2024. These signals took place on the following dates: May 2, 2024 -> 30,78 (Bitcoin 58k) 5 August 2024 -> 35,82 (Bitcoin 54k) 6 September 2024 -> 35,81 (Bitcoin 53k ) October 10, 2024 -> 38.21 (Bitcoin 60k) daily closing prices have been taken into consideration. The Advanced NVT mistress was withdrawn to 38,13 points in the days when the day when it declined from 108k to 91k. Advanced NVT Metric, which has been continuing its decline trend since November 11, 2024, has recently entered the local bottom area (-0,5xsd). A rapid rise in a day will of course make many people happy. However, the previous data shows us that Bitcoin continues in this area for a while. I think it will be a controversy and then you will continue its rally. Thank you for reading.