NVT golden cross hits -2.21: A potential local bottom
Bitcoin’s NVT Golden Cross plummeted to -2.21 – Its lowest in 60 days. This seemed to align with Bitcoin’s 7.5% price correction after peaking at $109k.
Historically, readings below -1.6 often indicate local bottom zones, and the press time value simply strengthened this probability. While not pinpointing an exact price, this suggested that Bitcoin may be trading near a potential reversal zone.
Source: Cryptoquant
Market participants should closely watch this threshold, as past trends highlighted that recoveries frequently follow such lows.
Coupled with the most recent bout of mini-correction, this puts up a compelling case for Bitcoin’s short-term bullish recovery amidst ongoing consolidation.
Read Bitcoin’s [BTC] Price Prediction 2025–2026
Price action and the impact of NVT golden cross
Source: TradingView
At press time, Bitcoin’s price was continuing to move within the $101k to $106k consolidation range, with a notable failure to breach the $106k resistance level. The daily chart highlighted a slight uptick as Bitcoin held steady above $105k, following its 7.5% correction from the $109k high.
And yet, despite this, the NVT Golden Cross hitting -2.21 signaled a potential local bottom, historically aligned with price reversals.
Finally, the RSI on the chart seemed to be hovering around 62, indicating mild bullish momentum but not an overbought condition. Additionally, the OBV suggested steady accumulation, reinforcing the possibility of a bullish breakout.
If Bitcoin maintains its position above $101k during retests, the NVT Golden Cross could act as a key indicator for a potential recovery.
