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Bitcoin Hits $69K After Key Capitulation Signals: What’s Next?
Bitcoin ($BTC) has just gone through its worst capitulation levels since 2014, but charts are showing signs of a possible imminent recovery in upcoming weeks/months.In a recent publication, lead investment manager VanEck reported that $BTC had already fired 8 out of 12 capitulation signals. Among these are the MVRV (Market Value to Realized Value) Z-score, the 49% drawdown from all-time high prices, net unrealized profit/loss (NUPL), and percentage supply in profit.$BTC
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