Bitcoin Valuation Indicator Hints at a ‘Cyclical Bottom’: New Analysis
Key takeaways: Bitcoin’s MVRV ratio dropping below its 365-day average signals a local bottom, historically preceding big price rallies. Capital rotation from gold could fuel the Bitcoin rebound, according to analysts. Bitcoin (BTC) could be poised for a sustained recovery in the coming weeks, as a key valuation metric sends a bullish signal. The BTC…
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