The MVRV Ratio is used here to identify periods when Bitcoin deviates significantly from the average acquisition price.
📊 Between the orange and red curves, we are in a zone of significant overheating that could lead to a correction. At the beginning and end of 2024, the price had reached a peak around the red curve.
👉 the red curve is currently around $120,000
During the previous bull run in 2021, the price managed to break through this resistance zone, and this triggered an impressive rise!
Do you think we could have the same pattern in the coming months? (YES = 👍)
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