🚀 Golden Cross NVT is trying to break past the previous peak: what does it mean?

Hello dear friends! Today we want to talk about an interesting topic. Bitcoin's NVT Golden Cross metric can help us identify local peaks and valleys. The simple formula here says: "Above 2.2 points is a local maximum and below -1.7 points is a local minimum." In fact, this refers to a region rather than an exact local maximum or minimum. But the data for the last 6 months is very interesting. Let's look at the highlights of the NVT Golden Cross since March 2024: March 31: 3.1729 April: 3.0827 May: 2.6729 July: 2.0326 August: 1.46 I'm sure you've noticed. The NVT Golden Metric Cross is trying to break past the previous peak, but you can. Don't do that. As a result, the price of Bitcoin is falling. All this shows that the current bullish trend is running out of steam. It seems that in order to regain momentum, NVT Golden Cross needs to break through the previous high and leave the bulls behind. Thank you for your time and this. Article. I hope it was helpful!