Bitco Key Metic local bottom signals, high price?

When US President Donald Trump moved to a new tariff on Canada, Mexico and China last week, Bitcoin prices (BTC) decreased to about $ 91,500 in fears of a global trade war. Although the coded currency before marriage quickly ran out of flash crash, a strong rejection at the price zone of $ 102,000 pulls many speculations for the future of the current running.

Advanced NVT from Bitcoin local signal signal – what does this mean?

in X post On February 7, BURAK KESMECI, the famous BURAK Kesmeci, participated in Bitcoin Advanced NVT (the value of the transaction network)-a chain scale that evaluates the BTC market evaluation in relation to the size of its treatment.

In general, the advanced NVT signal for traders helps determine excessive conditions (low size, high prices) and excessive conditions (high size, low price) in Bitcoin market, thus predicting future market directions. According to Kesmeci, Advanced Bitcoin NVT Local bottoms indicated on four occasions last year: May 2, 2024, with a score of 30.78, August 5, 2024 (35.82), September 6, 2024 (35.81) and October 10, 2024 (38.21).

In each of these cases, BTC witnessed the recovery of prices, but preceded by a brief accumulation phase. Interestingly, with Bitcoin’s collapse to $ 91,000 last week, the advanced NVT scale decreased to 38.13 – a level in line with the previous local bottoms. This development indicates that bitcoin is due to the price collection.

However, while the short -term prices are wore, historical data indicates that Bitcoin is likely to remain in monotheism for some time before launching a strong price gathering. Interestingly, after rejecting $ 102,000, BTC offers a bound range between 95,000 to 100,000 dollars. To get a price gathering, Bulls in the market must overcome the resistance at $ 102,000, with more obstacles at $ 105,000 and $ 106,000.

BTC records $ 267 million in net external flows

In other news, Blockchain Analytics InTothheblock told Bitcoin that the Bitcoin market has seen $ 267 million in net external flows that make up a series of external flows for a period of three weeks.

The clear, clear flow is a upscale signal indicating that investors transfer their assets from stock exchanges, which reduces any possible sale pressure. Although the last positive trend continues, the last external flow volume is much lower than the levels recorded in November 2024 that indicate a growth room in terms of investor confidence.

At the time of writing this report, BTC is trading $ 96,720, which reflects a 0.84 % decrease over the past 24 hours. Premier Asset has witnessed a turbulent week with a total loss of 6.48 %, which prompted its monthly gains to 2.90 %. With the rise of the market of $ 1.9 trillion, Bitcoin remains the largest encrypted currency and the eighth largest asset in the world.