The 'Three Lines Combined' tool, jokingly referred to as the 'metaphysical indicator,' has once again demonstrated its magical nature: the red line not only rose in sync with the blue and green lines around the end of June as expected, but the current MVRV indicator has reached 2.41, successfully breaking through the recent 'Green Peak 3.' Looking back at the two potential variables mentioned in the analysis from June 22, the current trend aligns more closely with the description of 'Variable 1.'
Although it was originally expected that Bitcoin would need to pull back to $95,000 by the end of June, the actual low only touched $98,200. However, this deviation has no significant impact on the overall trend. The current market focus has shifted to 'Yellow Peak 2' — that is, the previously mentioned MVRV=2.42. Whether this market will encounter resistance here has become crucial. It should be noted that the current Bitcoin price corresponding to MVRV=2.42 has risen to $120,000, which is higher than the $116,000 calculated on June 22.
From the newly marked key time points, it can be seen that judging solely from a metaphysical perspective, from July 24 to around August 15, this trend may gradually slow down; while during the period from August 31 to September 25, there is still hope for a new round of upward movement.
As of now, the market has not entered the state described by 'Variable 2,' where the red line diverges from the blue and green lines, leading to a counter-trend. If there is resistance around MVRV=2.42, there is no need to be discouraged — the metaphysical indicators suggest that after breaking this limit, the next target may point to 'Purple Peak 1' (MVRV=2.73), with a current corresponding price of $136,000.
Looking back at the market from June to July, the performance of the metaphysical indicators was clearly better than that of data analysis. When the two diverged, data analysis was once again at a disadvantage. This raises the question: should one really rely on metaphysics in the cryptocurrency space?
(Note: Metaphysical predictions are for reference only. The 'corresponding Bitcoin price' in the text is based on the current RP value calculation, and the longer the time span, the more apparent the numerical deviation may be.)#比特币走势分析
