BTC bull market big return or not far away? This indicator needs to be focused on

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CryptoChan2024/09/18 09:36

Don't panic, the BTC big cycle return is not far away 😎

The black line in the figure represents the BTC: MVRV indicator's range from 20 years to present; the blue line represents the BTC: MVRV indicator's range from 16 to 21 years; the red line represents the BTC: MVRV indicator's range from 12 to 17 years. The three lines align the BTC mining output of their respective cycles by half.

Note: MVRV (Market Value to Realized Value) refers to the ratio of the BTC market price to the overall buying average price of BTC on the chain.

BTC bull market big return or not far away? This indicator needs to be focused on image 0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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