Bitcoin Just Hit 8 of 12 Capitulation Signals; VanEck Thinks the Pain May Be Nearing Its End
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Bitcoin posted a modest recovery to above $64,000 but remains almost 50% below its all-time high. VanEck reports 8 of 12 signals in its Bitcoin Capitulation Check are firing, indicating capitulation metrics may be signaling the end of the market correction and potential upside for crypto prices and adoption.
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Bitcoin posted a modest recovery on Wednesday, which helped it climb above $64,000. The cryptocurrency is still almost 50% down from its all-time high, but VanEck’s latest analysis revealed that 8 of 12 tracked signals in its “Bitcoin Capitulation Check” are now firing.
This suggests that the market may be nearing the end of its correction phase.
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In This News
Coins
$ 69.15K
+7.07%$ 0.104
-2.95%Predictions Markets
See what traders are focused on
Share:
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