๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฆ๐๐ฎ๐๐ ๐ฆ๐๐ฟ๐ผ๐ป๐ด ๐๐ $๐ญ๐ฌ๐ฒ๐ โ ๐ก๐ผ ๐ฆ๐ถ๐ด๐ป ๐ผ๐ณ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ง๐ผ๐ฝ ๐ฌ๐ฒ๐
๐ Whatโs Going On?
Bitcoin is holding steady near $107,653. But more importantly, a key on-chain metric called the MVRV Z-Score is still low โ at just 2.3.
Why this matters:
๐ This score has hit above 7 during past bull market tops.
โ Right now, it shows BTC still has room to grow โ weโre likely mid-cycle, not near the top.
๐ What Is the MVRV Z-Score (In Simple Words)?
It compares the current price of Bitcoin to what people originally paid for their coins.
When the Z-Score is high โ market might be overvalued.
When itโs low โ room for growth.
Current Z-Score = 2.3
Past Tops = 7+
That means: Weโre not in bubble territory.
๐ Key Price Levels to Watch
๐ป Support: $105,030
๐บ Resistance: $106,935
BTC is moving in a tight range โ strong support is holding, but price hasnโt broken above resistance yet.
๐ง What Makes This Cycle Different?
๐ผ Institutions are buying, not just retail hype
๐ Price is rising slowly and steadily, not in huge spikes
๐ Past cycles had wild swings โ this one feels calmer
Thatโs a good thing โ less chance of a sudden crash.
๐ What Traders Should Know
โ No need to panic sell โ data shows this isn't the end of the bull run
๐ If BTC breaks above $107K with volume, we could see a strong rally
๐ข Dips near $105K might be buying opportunities
โ ๏ธ But always manage risk โ crypto moves fast
๐ Final Take:
Bitcoin is healthy, stable, and showing signs of long-term strength.
The market isnโt overheated โ and thatโs rare at these price levels.
Stay alert โ but thereโs no FOMO or fear needed yet.