Analysis
Significance:
6/10
Bitcoin’s MVRV Ratio hints at ‘cyclical bottom’ forming below $110K
https://cointelegraph.com/news/bitcoin-mvrv-ratio-cyclical-bottom-forming-below-110k
Mentions
Regions
Code | Name |
|---|---|
| US | 🇺🇸United States |
Sentiments
Target | Sentiment | Comment |
|---|---|---|
Bullish | MVRV ratio below 365-day average signals a potential local bottom and undervaluation phase, historically preceding significant price rallies. | |
Bullish | Analysts suggest capital rotation from gold to Bitcoin could boost BTC price, with short-term targets around $115,000. |