Bitcoin can fall below $58K if one of its 'cleanest' metrics copies history: Analysis

CoinTelegraph·

Bitcoin can fall below $58K if one of its 'cleanest' metrics copies history: Analysis

60-second summary

Bitcoin's NUPL metric data indicates a potential price drop below $58K, as it may follow historical patterns and make new cycle lows. Historically, NUPL has fallen below 0.5 before BTC price action made new cycle lows.

Bitcoin NUPL metric data suggested that BTC price action should make new cycle lows in order to preserve historical patterns.