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💰 #BTC Sentora: Although Bitcoin is now trading comfortably above $100k, its MVRV ratio is only 2.25; still far below previous cycle peaks, even after factoring in the indicator’s long-term downward drift.
This indicates the market still isn't as overheated as it was during earlier peaks.
in our first prediction which we provided yesterday, we told you about the pullback to the upside around 107K before anyone else, right now we did with a strong bullish momentum, waiting for rejection, if that doesn't happen, it means that the downside scenario will be cancelled. 💹
107600 is a strong level, so strong, more than you could possibly imagine, if we don't notice a pullback to the downside within couple of hours it means that we will be super bullish.