Currency Economy

Bitcoin price metric flashes rare ‘buy the dip’ opportunity at $42K lows

Cryptocurrency23 minutes ago (May 18, 2021 03:40AM ET)Bitcoin price metric flashes rare ‘buy the dip’ opportunity at $42K lows

Bitcoin price metric flashes rare ‘buy the dip’ opportunity at $42K lows

Bitcoin (BTC) is facing a make-or-break moment this week as a classic indicator signals a price watershed.

According to the network value to transaction (NVT) price, BTC/USD is in line for a reset at recent lows of just above $42,000.BTC/USD vs. NVT price chart. Source: Willy Woo/Twitter

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