Da_Prof

NUPL nearing "sloped" top line for BTC

INDEX:BTCUSD   Bitcoin
The NUPL (currently at about 65) for Bitcoin (BTC) is nearing the 70 level, which is the value of a sloped line connecting previous NUPL tops. Will this cause a local or cycle top? Seems early for a cycle top, but we may see a local top once we hit the line. If we use the straight line on the indicator, the topping value is 73.

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