Analyst: The Bitcoin price reaching $72,000 is not a late entry into the market, historical data supports that a new bull market is coming
According to analyst Ali on X, despite Bitcoin's current price reaching $72,000, many investors may feel they have missed the best time to enter the market. However, historical data provides a different insight. The Market Value to Realized Value Ratio (MVRV Ratio) crossing its 365-day simple moving average (365-SMA) often heralds significant bull markets and this golden cross has just happened again! Changes in this technical indicator are often seen as signals of major bull markets, indicating that it is still a good time to enter the market.
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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