From the range of 39000 in January 2024 to the current 85000, MVRV has fluctuated precisely between these two ranges, reaching a low of 1.7x and a high of around 2.7x. If this trend continues, the next time MVRV reaches 2.7x, the BTC price should be between 122000 and 128000.
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Valuable #MVRV data to reference:
From the range of 39000 in January 2024 to the current 85000, MVRV has fluctuated precisely between these two ranges, reaching a low of 1.7x and a high of around 2.7x. If this trend continues, the next time MVRV reaches 2.7x, the BTC price should be between 122000 and 128000.