💥 Bitcoin calms down after the recent wave of speculations 😎
The market has started to stabilize a bit after a crazy period of speculations 💫
Bitcoin is currently holding strong above the 135-day moving average,
which gives us strong support from a technical perspective 💪
At the same time, the MVRV index for new supply has returned close to the 1.0 level,
which means that new traders are currently trading around the cost price – this means the market has become more balanced ⚖️
📈 Summary:
What is happening is not a weakness in the market as some may think,
but rather a healthy cooldown after excessive speculation 🔥
The market is not currently reversing, but is recharging itself before the next launch 🚀
