“The Bulls Course has ended” – CEO of Cryptoquant suddenly turns Bitcoin, warns BTC for one year
The CEO of a prominent analysis company suddenly turns into Bitcoin, saying that BTC has achieved a major cycle summit.
Cryptoquant Ki Young JU tells his 417200 followers on the X social media platform that indicates the data on the series that Bitcoin will not print new levels for at least half a year.
Executive Analysis Company says that the profit and loss index (PNL) in Bitcoin, an analytical tool that brings together many standards on the series to determine the peaks of the course and calm, only Overflow A sign is likely to be the end of the BTC market in BTC.
“The Bitcoin Bull has ended, as I expected six to 12 months of declining or side work.”
It is too He says The average moving for 365 days from Bitcoin, another indication that Bitcoin may be ready to enter the bear area.
“Every metric on the chain indicates the bear market. With the drying of fresh liquidity, the new whales sell Bitcoin at lower prices …
This PCA alert (the main component analysis) is applied to the chain indicators such as MVRV (the market value on the achieved value), the SOPR (Sern) and NUPL (net profit/unreasonable loss) ratio to calculate an average average for 365 days. This signal determines the reflection points, as the direction of the moving average changes for one year …
I have examined dual data-it’s accurate. “
MVRV is a scale designed to determine whether the encryption is exaggerated or denied by its value by comparing its current price (maximum market) at the average price in which all CAP currencies are transferred (achieved). SOPR is a scale that tracks whether metal currency holders are emptying with profit or loss to determine price reflection areas.
Meanwhile, NUPL is a signal used to assess the total profit or the state of loss for the coin investors for manufacturing in public market morale.
According to Ki Young JU, signals on the series Suggest Bitcoin is “entering the bear market”.
“The CAP -based indicators show the lack of new liquidity. A tremendous volume failure in about 100,000 failed to pay the price up, and ETF (traded box) flows were negative for three consecutive weeks.”
At the time of this report, Bitcoin is $ 83,157.
Follow us xand Facebook and cable
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Created Image: Midjourney
