Bitcoin NVT Golden Cross Signals Bullish Momentum as ETFs and Miners Fuel Rally
The post Bitcoin NVT Golden Cross Signals Bullish Momentum as ETFs and Miners Fuel Rally appeared first on Coinpedia Fintech News
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.
