Three historically accurate Bitcoin on-chain metrics flashing ‘bottom”
(BTCOn Oct. 21, riskier assets like ) and other assets fell as traders analyzed macro indicators that suggested the Federal Reserve would continue raising rates. Nonetheless, the pair remains rangebound inside the $18,000–$20,000 price range, showing a strong bias conflict in the market.
BTC’s price has not been able to fall below $18,000 since June 2022, when it tested the support level. Analysts have noticed that BTC’s price has not fallen below $18,000 since June 2022, when it first tested the support level. Believe The cryptocurrency is at its bottom, as it has already corrected by more than 70% from its record high, $69,000, almost one year ago.