NTV Divergence Reaches Bull Market “Mania” Levels, Bitcoin Price Increase Not Organic6

The early April Bitcoin price rally that transformed into a mini-parabola, was fueled by a powerful short squeeze and was strategically orchestrated by a single actor. The powerful move did indeed incite much FOMO and bullish sentiment throughout the market, but such a rise in value over such a short period of time rarely feels organic.

Smart and cautious investors often look to a variety of data points to understand the underlying value of an asset, as part of their technical and fundamental analysis. One such tool, NVT, is showing that price has diverged significantly from the network value to transactions ratio – or how much value is being transmitted across the Bitcoin network.

Original source
https://www.newsbtc.com/2019/05/17/ntv-divergence-reaches-bull-market-mania-levels-bitcoin-price-increase-not-organic/

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