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coinpedia 2023-10-04 15:57:42

Bitcoin May Not Sustain $27K As Network Becomes Overvalued, Indicated By 5-Year High NVT Signal

The post Bitcoin May Not Sustain $27K As Network Becomes Overvalued, Indicated By 5-Year High NVT Signal appeared first on Coinpedia Fintech News The price of Bitcoin struggled to find buyers near the $28,000 mark and remained under the influence of sellers. Despite a significant correction, BTC’s price has stabilized around $27,000. However, this stability may not last long, as a key metric has reached a five-year high. The NVT signal, which hasn’t been this high since 2019, …

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