Glassnode Data Shows A Bullish Bitcoin Crossover Has Recently Occurred

Data from Glassnode reveals a crossover in the Bitcoin NVT price model has recently taken place, something that has historically been bullish for the crypto’s price.
Bitcoin NVT Price 28-Day Curve Has Crossed Above The 90-Day
As per the latest weekly report from Glassnode, the BTC NVT price model has observed a bullish formation recently.
NVT stands for “Network Value to Transaction.” The NVT ratio is an indicator that measures the ratio between the Bitcoin market cap and the n