📊 #BTC CQ: Back in 2021, the MVRV 365DMA has formed a pattern marking the beginning of a bear market. Interestingly, the current 2025 cycle has a similar pattern and suggests a potential top formation around September 10. This timing aligns well with broader market narratives such as expectations of a possible Fed rate cut and changes in macroeconomic sentiment.
However, it should be remembered that the MVRV 365DMA is a lagging indicator, meaning that the actual price peak and reversal of BTC could occur earlier - perhaps by the end of August.
