Bitcoin: Here Is Where We Are in the Cycle, According to On-Chain Analyst
On-chain analyst Axel Adler Jr published a Bitcoin NUPL-MVRV Harmonic Composite reading of 0. 33 on March 7, placing Bitcoin in what he describes as the intermediate phase of the current market cycle. Historical cyclical bottoms began near negative 0. 50, meaning the current reading sits well above the zone where prior bear market lows were confirmed
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