Cryptocurrency analytics firm Alphractal has released a market assessment focusing on Bitcoin's Reserve Risk indicators. The indicators show critical signals that could shape the market's direction, with potential overbought conditions. The report highlights an increase in market activity among long-term Bitcoin holders, indicating higher volatility and risk of price corrections. The Reserve Risk metric has reached a historic resistance level, which in the past has coincided with significant price pullbacks. However, the market has yet to reach the overheating levels seen in previous Bitcoin peaks. If Reserve Risk breaks out of the "green quadrant" in the coming months, Bitcoin could enter a parabolic rally similar to patterns observed in previous bull markets.



Other News from Today