Bitcoin Climbs, But NVT Indicator Sends a Surprising Signal

Bitcoin’s recent price action has continued its upward trajectory, with the asset trading as high as above the $120,000 price mark in the past 24 hours. The move suggests persistent bullish momentum following a period of sharp decline earlier this week. As the price inches closer to its all-time high, on-chain data is starting to paint a picture of solid transactional support behind the price movement. In particular, analysts have begun highlighting a divergence between Bitcoin’s market value and its underlying network activity source: https://www.newsbtc.com/bitcoin-news/bitcoin-climbs-but-nvt-indicator-sends-a-surprising-signal/