{"id":424856,"date":"2020-05-22T21:00:55","date_gmt":"2020-05-22T21:00:55","guid":{"rendered":"https:\/\/wncen.com\/?p=424856"},"modified":"2024-06-11T13:49:12","modified_gmt":"2024-06-11T13:49:12","slug":"bitcoin-network-is-incredibly-healthy","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-network-is-incredibly-healthy\/","title":{"rendered":"Bitcoin\u2019s NVT Indicator Shows that the Network is Incredibly Healthy"},"content":{"rendered":"
One key on-chain indicator is now signaling that Bitcoin is seeing intense underlying strength despite its recent turbulent price action.<\/p>\n
BTC\u2019s NVT is a widely respected indicator that weighs the number of unique tokens being transacted on the Bitcoin network with the cryptocurrency\u2019s price action.<\/p>\n
Because the network is still being heavily utilized by investors, it shows that the benchmark crypto is both fundamentally and technically strong, and it may suggest that it is poised for an upswing in the days and weeks ahead.<\/p>\n
It is imperative, however, that BTC firmly gains a foothold within the five-figure price action in the near-term in order for it to see any sustained upwards momentum.<\/p>\n
Bitcoin\u2019s NVT Indicator Points to Underlying Network Strength<\/strong><\/h2>\n