Markets· ★★★· bullish·

CryptoQuant: MVRV signal points to Bitcoin entering bull phase

  • —The 30-day/365-day MVRV moving-average ratio broke above its 365-day average
  • —The signal triggered on the 20th with BTC at $80,691
  • —The ratio now stands at 1.018, with BTC at $84,156
  • —Four of five previous signals since 2012 ended higher than the entry price
Why it matters: The indicator holding above 1.0 supports the bullish structure, though the signal relies on historical precedent and does not guarantee further gains.
#BTC
Source: Bloomingbit
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