**Bitcoin's Valuation Reset: A Shift in Momentum?**
A recent analysis by CryptoQuant suggests that Bitcoin's price is undergoing a significant reset ๐. According to the expert, $BTC is realigning with on-chain fundamentals.
**NVT Golden Cross Indication**
The NVT golden cross indicator has shown that Bitcoin is currently trading at a discount compared to its actual network activity ๐ธ. This pattern has historically been associated with weak sentiment and undervaluation in the market.
In other words, this trend indicates deleveraging and accumulation ๐. The analyst notes that after hitting cycle lows, the indicator is recovering, but still remains in a conservative range.
The implications of this analysis are significant, suggesting that Bitcoin's valuation reset could be in motion ๐. As always, it's essential to stay informed and adapt your strategy accordingly.
