Galaxy Research: Bitcoin’s “Calm Top” May Elevate the Cycle Bottom, with the Bottom Range Expected Between $40,000 and $46,000
Source：
cointelegraph.com
According to Alex Thorn, Head Researcher at Galaxy Research, the top signals for this Bitcoin cycle are extremely mild: only 2 out of 11 traditional top indicators have been triggered; the Pi Cycle Top indicator has not been triggered for the first time; and the MVRV peak stands at just 2.29, significantly lower than the previous cycles’ range of 2.93 to 5.91.
