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Analyst: Bitcoin Currently in Mid-Cycle, Extreme Fear Selling Decreasing
Summary: According to reports, cryptocurrency market analyst Axel Adler Jr. stated on social media that Bitcoin is currently in the middle stage of its current cycle. The NUPL-MVRV Harmonic Composite Index is at 0.33, with previous cycle bottoms typically occurring near -0.5. The index also indicates that the cycle low is gradually moving up, suggesting a ...
According to reports, cryptocurrency market analyst Axel Adler Jr. stated on social media that Bitcoin is currently in the middle stage of its current cycle. The NUPL-MVRV Harmonic Composite Index is at 0.33, with previous cycle bottoms typically occurring near -0.5. The index also indicates that the cycle low is gradually moving up, suggesting a decrease in extreme fear selling in the market. However, the index still remains significantly higher than historical bottom levels, indicating that a widespread capitulation sell-off has not yet been confirmed.
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Link: Analyst: Bitcoin Currently in Mid-Cycle, Extreme Fear Selling Decreasing [Copy]
