Bitcoin, Ethereum and Altcoins Present Signs of Incoming Price Turnaround; Here’s When - Aliens: AI Crypto News & Markets Updates
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Bitcoin, Ethereum and Altcoins Present Signs of Incoming Price Turnaround; Here’s When

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U.Today

Sat, Jul 02, 2022

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According to the MVRV divergence, on-chain analytics firm Sanitment suggests that Bitcoin, Ethereum and other altcoins are currently "underbought." 📊 One of — Santiment (@santimentfeed) @santimentfeed 's most popular metrics, MVRV, indicates that short, mid, and long term timeframe trading returns are at 'pain' thresholds that historically foreshadow oncoming price turnarounds.

pic.twitter.com/65s1EPITTA July 2, 2022 Per the on-chain analytics company, these crypto assets have reached the historic MVRV level, where a price turnaround to alleviate current losses may be anticipated, although it is difficult to predict when this will occur.

pic.twitter.com/6ONLibQiL2 July 2, 2022 Cryptoanalyst and economist Alex Kruger believes that Bitcoin might have capitulated during the market slump two weeks ago.

Chart: https://t.co/kGlQpvSj57 pic.twitter.com/zh1tPvR19B July 1, 2022 According to on-chain analytics company IntoTheBlock , small Bitcoin holders are still aggressively accumulating.

According to the blockchain data firm, there are currently 3,662,897 addresses holding more than 0.1 Bitcoin.

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