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Showing posts with the label #BitcoinMarket #Investing #Cryptocurrency #StableGrowth #OnChainAnalytics

Is Bitcoin Overheated Right Now? This Metric Suggests No

What is the “Growth Rate” Metric? The “Growth Rate” metric is an on-chain indicator that measures the percentage change in the 365-day moving average (MA) of Bitcoin’s market capitalization. This metric is used to determine whether the market is overheated or oversold. When the growth rate is above 20%, it suggests that the market is overheated and a correction may be imminent. On the other hand, a growth rate below 10% indicates that the market is oversold and a rebound may be on the horizon. Bitcoin’s Growth Rate Below Historical Overheated Zone According to Adler Jr, the current growth rate for Bitcoin is sitting at 5.11%, which is significantly lower than the historical overheated zone of 20%. This suggests that Bitcoin is not currently at a stage where its price would be at a significant risk of facing a correction. This is a positive sign for investors and could indicate that the market is stabilizing. Trending Hashtags and Crypto Tickers #Bitcoin #BTC #GrowthRate #Crypto...