{"id":641865,"date":"2024-09-14T07:00:12","date_gmt":"2024-09-14T07:00:12","guid":{"rendered":"https:\/\/wncen.com\/?p=641865"},"modified":"2024-09-14T08:26:04","modified_gmt":"2024-09-14T08:26:04","slug":"bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst","status":"publish","type":"post","link":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/","title":{"rendered":"Bitcoin Price Recovery Hinges On This Key Market Indicator, Reveals Analyst"},"content":{"rendered":"

The crypto market has recently seen some ups and downs, with Bitcoin facing many fluctuations. According to a recent post<\/a> by a CryptoQuant analyst known as \u2018Kripto Mevsimi,\u2019 the Bitcoin Market Value to Realized Value (MVRV) ratio has dipped below its 365-day moving average.<\/p>\n

This specific indicator often identifies potential market bottoms<\/a> and zones where recovery could begin. While the drop in MVRV could suggest an “opportunity for long-term investors,” the analyst warns that caution is needed.<\/p>\n

Related Reading: Bitcoin\u2019s Leverage Ratio Hits New High: What Does This Mean BTC?<\/a><\/div>\n

Bitcoin Will Recover If Its MVRV Does This<\/h2>\n

The MVRV (Market Value to Realized Value) ratio is a metric used in cryptocurrency to assess whether an asset, like Bitcoin, is overvalued or undervalued relative to its “realized value.”<\/p>\n

Market Value refers to the asset’s current price multiplied by its total circulating supply<\/a>, essentially the market capitalization.<\/p>\n

Realized Value is calculated by summing the value of each coin at the price it was last moved on-chain, giving a picture of what the network participants<\/a> paid for their holdings.<\/p>\n

According to Mevsimi, historically, when the Bitcoin MVRV ratio breaks back above its 365-day average, it has been followed by a renewed sense of optimism in the market, often signaling the start of a “more sustainable upward trend.”<\/p>\n

\"Bitcoin
Bitcoin MVRV ratio. | Source: CryptoQuant<\/figcaption><\/figure>\n

However, the current economic environment, marked by ongoing macroeconomic uncertainties, suggests that Bitcoin\u2019s recovery could take longer.<\/p>\n

In the meantime, the analyst advises investors to maintain a balanced outlook, noting:<\/p>\n

\n
\n
Therefore, maintaining a measured and balanced perspective is essential. A positive outlook is understandable, but it should be tempered with awareness of the broader risks until the MVRV ratio confirms a more sustained upward momentum.<\/div>\n<\/blockquote>\n
\n
Related Reading: 11% Of Bitcoin Supply In Coinbase\u2019s Hands: Analyzing The Potential Risks<\/a><\/div>\n<\/div>\n<\/div>\n

Buy Signal Identified In BTC<\/h2>\n

Meanwhile, Despite the current state of the MVRV ratio, Bitcoin\u2019s price has shown some signs of recovery in as of today. After briefly dipping below the $58,000 mark earlier in the day, the asset has reversed its trajectory<\/a>, gaining 1.2% to reach a price of $58,463 at the time of writing.<\/p>\n

\"Bitcoin
BTC price is moving sideways on the 1-hour chart. Source: BTC\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Crypto analyst Mags took to X to highlight<\/a> a key bullish signal: the Bitcoin hash ribbon. According to Mags, the Bitcoin hash ribbon indicator has flashed a buy signal, historically one of the “most reliable” indicators for Bitcoin\u2019s price movement<\/a>.<\/p>\n

\"Bitcoin
Bitcoin price and hash ribbons. | Source: Mags on X<\/figcaption><\/figure>\n

Mags mentioned that every time this signal appeared, it was followed by a significant price surge, giving traders reason to believe that Bitcoin could see a bullish breakout soon.<\/p>\n

\n

#Bitcoin<\/a> – hash ribbon flashed a buy signal.<\/p>\n

Historically, this has been one of the most reliable indicators for Bitcoin.<\/p>\n

Every time we’ve seen this signal, it\u2019s often followed by a massive pump in BTC! pic.twitter.com\/hXFLkTKXTH<\/a><\/p>\n

\u2014 Mags (@thescalpingpro) September 13, 2024<\/a><\/p><\/blockquote>\n

Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

The crypto market has recently seen some ups and downs, with Bitcoin facing many fluctuations. According to a recent post by a CryptoQuant analyst known as \u2018Kripto Mevsimi,\u2019 the Bitcoin Market Value to Realized Value (MVRV) ratio has dipped below its 365-day moving average. This specific indicator often identifies potential market bottoms and zones where recovery could begin. While the drop in MVRV could suggest an “opportunity for long-term investors,” the analyst warns that caution is needed. Related Reading: Bitcoin\u2019s Leverage Ratio Hits New High: What Does This Mean BTC? Bitcoin Will Recover If Its MVRV Does This The MVRV (Market Value to Realized Value) ratio is a metric used in cryptocurrency to assess whether an asset, like Bitcoin, is overvalued or undervalued relative to its “realized value.” Market Value refers to the asset’s current price multiplied by its total circulating supply, essentially the market capitalization. Realized Value is calculated by summing the value of each coin at the price it was last moved on-chain, giving a picture of what the network participants paid for their holdings. According to Mevsimi, historically, when the Bitcoin MVRV ratio breaks back above its 365-day average, it has been followed by a renewed sense of optimism in the market, often signaling the start of a “more sustainable upward trend.” However, the current economic environment, marked by ongoing macroeconomic uncertainties, suggests that Bitcoin\u2019s recovery could take longer. In the meantime, the analyst advises investors to maintain a balanced outlook, noting: Therefore, maintaining a measured and balanced perspective is essential. A positive outlook is understandable, but it should be tempered with awareness of the broader risks until the MVRV ratio confirms a more sustained upward momentum. Related Reading: 11% Of Bitcoin Supply In Coinbase\u2019s Hands: Analyzing The Potential Risks Buy Signal Identified In BTC Meanwhile, Despite the current state of the MVRV ratio, Bitcoin\u2019s price has shown some signs of recovery in as of today. After briefly dipping below the $58,000 mark earlier in the day, the asset has reversed its trajectory, gaining 1.2% to reach a price of $58,463 at the time of writing. Crypto analyst Mags took to X to highlight a key bullish signal: the Bitcoin hash ribbon. According to Mags, the Bitcoin hash ribbon indicator has flashed a buy signal, historically one of the “most reliable” indicators for Bitcoin\u2019s price movement. Mags mentioned that every time this signal appeared, it was followed by a significant price surge, giving traders reason to believe that Bitcoin could see a bullish breakout soon. #Bitcoin – hash ribbon flashed a buy signal. Historically, this has been one of the most reliable indicators for Bitcoin. Every time we’ve seen this signal, it\u2019s often followed by a massive pump in BTC! pic.twitter.com\/hXFLkTKXTH \u2014 Mags (@thescalpingpro) September 13, 2024 Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":641871,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,441,629,6848,1119,78790,10923],"class_list":["post-641865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-analysis","tag-bitcoin-market","tag-bitcoin-price-prediction","tag-btc","tag-btcusdt","tag-crypto-market","geo-restriction-pl"],"acf":[],"yoast_head":"\nBitcoin Price Recovery Hinges On This Key Market Indicator, Reveals Analyst<\/title>\n<meta name=\"description\" content=\"The crypto market has seen some ups and downs recently, with Bitcoin facing a mix of fluctuations. According to a recent post by a Crypto...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Recovery Hinges On This Key Market Indicator, Reveals Analyst\" \/>\n<meta property=\"og:description\" content=\"The crypto market has seen some ups and downs recently, with Bitcoin facing a mix of fluctuations. According to a recent post by a Crypto...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-14T07:00:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-14T08:26:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-13-17.19.04-A-digital-illustration-focusing-on-Bitcoins-price-recovery-dependent-on-a-key-market-indicator-as-revealed-by-an-analyst.-The-image-features-the-Bit.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Bitcoin Price Recovery Hinges On This Key Market Indicator, Reveals Analyst\",\"datePublished\":\"2024-09-14T07:00:12+00:00\",\"dateModified\":\"2024-09-14T08:26:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/\"},\"wordCount\":530,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-13-17.19.04-A-digital-illustration-focusing-on-Bitcoins-price-recovery-dependent-on-a-key-market-indicator-as-revealed-by-an-analyst.-The-image-features-the-Bit.jpg?fit=1024%2C1024\",\"keywords\":[\"bitcoin\",\"bitcoin analysis\",\"bitcoin market\",\"bitcoin price prediction\",\"btc\",\"BTCUSDT\",\"crypto market\"],\"articleSection\":[\"Bitcoin News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/\",\"url\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/\",\"name\":\"Bitcoin Price Recovery Hinges On This Key Market Indicator, Reveals Analyst\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-13-17.19.04-A-digital-illustration-focusing-on-Bitcoins-price-recovery-dependent-on-a-key-market-indicator-as-revealed-by-an-analyst.-The-image-features-the-Bit.jpg?fit=1024%2C1024\",\"datePublished\":\"2024-09-14T07:00:12+00:00\",\"dateModified\":\"2024-09-14T08:26:04+00:00\",\"description\":\"The crypto market has seen some ups and downs recently, with Bitcoin facing a mix of fluctuations. According to a recent post by a Crypto...\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-13-17.19.04-A-digital-illustration-focusing-on-Bitcoins-price-recovery-dependent-on-a-key-market-indicator-as-revealed-by-an-analyst.-The-image-features-the-Bit.jpg?fit=1024%2C1024\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-13-17.19.04-A-digital-illustration-focusing-on-Bitcoins-price-recovery-dependent-on-a-key-market-indicator-as-revealed-by-an-analyst.-The-image-features-the-Bit.jpg?fit=1024%2C1024\",\"width\":1024,\"height\":1024,\"caption\":\"Bitcoin Price Recovery Hinges On This Key Indicator, Reveals Analyst\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Price Recovery Hinges On This Key Market Indicator, Reveals Analyst\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/wncen.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Price Recovery Hinges On This Key Market Indicator, Reveals Analyst","description":"The crypto market has seen some ups and downs recently, with Bitcoin facing a mix of fluctuations. According to a recent post by a Crypto...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Price Recovery Hinges On This Key Market Indicator, Reveals Analyst","og_description":"The crypto market has seen some ups and downs recently, with Bitcoin facing a mix of fluctuations. According to a recent post by a Crypto...","og_url":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-09-14T07:00:12+00:00","article_modified_time":"2024-09-14T08:26:04+00:00","og_image":[{"width":1024,"height":1024,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-13-17.19.04-A-digital-illustration-focusing-on-Bitcoins-price-recovery-dependent-on-a-key-market-indicator-as-revealed-by-an-analyst.-The-image-features-the-Bit.jpg","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Bitcoin Price Recovery Hinges On This Key Market Indicator, Reveals Analyst","datePublished":"2024-09-14T07:00:12+00:00","dateModified":"2024-09-14T08:26:04+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/"},"wordCount":530,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-13-17.19.04-A-digital-illustration-focusing-on-Bitcoins-price-recovery-dependent-on-a-key-market-indicator-as-revealed-by-an-analyst.-The-image-features-the-Bit.jpg?fit=1024%2C1024","keywords":["bitcoin","bitcoin analysis","bitcoin market","bitcoin price prediction","btc","BTCUSDT","crypto market"],"articleSection":["Bitcoin News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/","url":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/","name":"Bitcoin Price Recovery Hinges On This Key Market Indicator, Reveals Analyst","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-13-17.19.04-A-digital-illustration-focusing-on-Bitcoins-price-recovery-dependent-on-a-key-market-indicator-as-revealed-by-an-analyst.-The-image-features-the-Bit.jpg?fit=1024%2C1024","datePublished":"2024-09-14T07:00:12+00:00","dateModified":"2024-09-14T08:26:04+00:00","description":"The crypto market has seen some ups and downs recently, with Bitcoin facing a mix of fluctuations. According to a recent post by a Crypto...","breadcrumb":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-13-17.19.04-A-digital-illustration-focusing-on-Bitcoins-price-recovery-dependent-on-a-key-market-indicator-as-revealed-by-an-analyst.-The-image-features-the-Bit.jpg?fit=1024%2C1024","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-13-17.19.04-A-digital-illustration-focusing-on-Bitcoins-price-recovery-dependent-on-a-key-market-indicator-as-revealed-by-an-analyst.-The-image-features-the-Bit.jpg?fit=1024%2C1024","width":1024,"height":1024,"caption":"Bitcoin Price Recovery Hinges On This Key Indicator, Reveals Analyst"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Price Recovery Hinges On This Key Market Indicator, Reveals Analyst"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Recovery Hinges On This Key Market Indicator, Reveals Analyst","url":"http:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/bitcoin-news\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-13-17.19.04-A-digital-illustration-focusing-on-Bitcoins-price-recovery-dependent-on-a-key-market-indicator-as-revealed-by-an-analyst.-The-image-features-the-Bit.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-13-17.19.04-A-digital-illustration-focusing-on-Bitcoins-price-recovery-dependent-on-a-key-market-indicator-as-revealed-by-an-analyst.-The-image-features-the-Bit.jpg?fit=1024%2C1024"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin analysis","bitcoin market","bitcoin price prediction","btc","btcusdt","crypto market"],"dateCreated":"2024-09-14T07:00:12Z","datePublished":"2024-09-14T07:00:12Z","dateModified":"2024-09-14T08:26:04Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Recovery Hinges On This Key Market Indicator, Reveals Analyst\",\"url\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoin-price-recovery-hinges-on-this-key-market-indicator-reveals-analyst\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/DALL\\u00b7E-2024-09-13-17.19.04-A-digital-illustration-focusing-on-Bitcoins-price-recovery-dependent-on-a-key-market-indicator-as-revealed-by-an-analyst.-The-image-features-the-Bit.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/DALL\\u00b7E-2024-09-13-17.19.04-A-digital-illustration-focusing-on-Bitcoins-price-recovery-dependent-on-a-key-market-indicator-as-revealed-by-an-analyst.-The-image-features-the-Bit.jpg?fit=1024%2C1024\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin analysis\",\"bitcoin market\",\"bitcoin price prediction\",\"btc\",\"btcusdt\",\"crypto market\"],\"dateCreated\":\"2024-09-14T07:00:12Z\",\"datePublished\":\"2024-09-14T07:00:12Z\",\"dateModified\":\"2024-09-14T08:26:04Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-13-17.19.04-A-digital-illustration-focusing-on-Bitcoins-price-recovery-dependent-on-a-key-market-indicator-as-revealed-by-an-analyst.-The-image-features-the-Bit.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/641865"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=641865"}],"version-history":[{"count":4,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/641865\/revisions"}],"predecessor-version":[{"id":641909,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/641865\/revisions\/641909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/641871"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=641865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=641865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=641865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}