Bitcoin price rallied 1,550% the last time the ‘BTC risk-off’ metric fell this low
Bitcoin price traded at $4,000 the last time the BTC Risk-Off signal fell to its current lows. Is another 1,550% rally in the making?
Key Takeaways:
The Bitcoin Risk-Off signal dropped to 23.7, its lowest since March 2019, indicating low correction risk and a high likelihood of a bullish trend developing.
Despite the recent decline in network activity, bullish macro indicators like the Macro Chain Index (MCI) suggest Bitcoin could soon rally above $100,000.
English
Spanish
French
German
Arabic
Chinese (Simplified)
Russian
Portuguese
Indonesian
Dutch
Afrikaans
Italian
Vietnamese
Bulgarian
Croatian
Danish
Greek
Hebrew
Hindi
Hungarian
Irish
Japanese
Korean
Norwegian
Persian
Polish
Romanian
Somali
Swedish
Thai