Bitcoin (BTC) is signaling a third “local bottom” in 2024 as a leading BTC price metric sees room for growth. Fresh research from onchain analytics platform CryptoQuant on Aug. 8 shows bullish moves from the network value to transaction golden cross (NVT-GC) tool. BTC price “cooling down excessivelyBitcoin has fielded warnings of another breakdown on BTC/USD this week as moving averages produce a so-called “death cross.” However, The longer-term picture is unclear, as other market indicators call for an enduring rebound. Among them is NVT-GC, described by CryptoQuant as a volatility gauge simi…