Bitcoin $40-$48k in View as NUPL Heads to Orange in Four to Six Weeks
A renowned analyst disclosed that the Bitcoin NUPL will transition to the orange zone within weeks. He cited that Bitcoin market conditions are similar to the 2015 and 2016 cycles. Bitcoin trades at $34,086.31, with a significant 14.70% gain over the past week. In a recent tweet, CryptoCon, a prominent Bitcoin technical analyst, shared valuable insights on the current state of Bitcoin’s price and data trends. According to CryptoCon, Bitcoin is currently encountering formidable price resistance. However, the data Analysis paints a more optimistic picture. In other words, while Bitcoin currently faces strong resistance on the price side, it is not reflected on the data side. #Bitcoin is at stiff resistance on price, but not on data! Every cycle, we see NUPL head straight to o range at this point to form the cycle mid-top This could take place anywhere between 40 – 48k, but one thing's for sure… It's not here. From our exact point on da...