Bitcoin's MVRV Z-Score Breaks Above 365-Day Average as BTC Holds $85,000
- —Bitcoin's MVRV Z-Score broke above its 365-day average, signaling a momentum shift
- —BTC hit $87,096 on October 2, its highest since September 23
- —The rebound from the $75,170 low amounted to 15.6%
- —1-to-3-month BTC holders sit on 24% unrealized profit
Why it matters: Reclaiming the MVRV Z-Score's yearly average has historically preceded trend reversals, but the signal hinges on BTC holding $85,000.
Source: ZyCrypto
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