This is an AI translated post.
Latest Indicator Updates ( 2024/07/12 )
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Summarized by durumis AI
- Based on a comprehensive analysis of various indicators, including the Crypto Fear & Greed Index, Bitcoin RSI Index, Google Trend Indicator, YouTube Search Volume, and Bitcoin MVRV Z-score, as of July 12, 2024, we can conclude that the Bitcoin market has entered overvalued territory.
- In particular, the Crypto Fear & Greed Index is above 90, the Bitcoin MVRV Z-score is above 7, and the Bitcoin RSI Index is above 70, indicating overbought conditions and necessitating investment caution.
- Furthermore, we observed a 235% increase in Google Trend and YouTube search volume compared to the annual average, indicating growing interest in Bitcoin.
Latest indicator updates (2024/07/12)
1. Crypto Fear & Greed Index: 42.42 (Overvalued area 90 or more)
2. Bitcoin RSI Index: 40.95 (Overbought 70 or more)
3. Google Trend Indicator: 40 (Overvalued area: 70 or more)
4. YouTube Search Volume 1,481,000 (235% increase compared to the annual average)
5. Bitcoin MVRV Z-score: 2.12 (Overvalued area: 7 or more)
6. Top 10 App List: Upbit, Bithumb X
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