Has Bitcoin Reached a Distribution Zone or Are Current Prices Still Good for Buying?
Where is the market peak, and when is the best time to start exiting the market?
There is only one indicator that can be used to determine the best action for long-term investors in the current times
The MVRV (Market Value to Realized Value) indicator gives a highly accurate alert for Bitcoin price tops and bottoms.
‼️ Whenever the MVRV value is below 2, it indicates a continued accumulation zone, meaning the price is still below its true value.
When the indicator starts to exceed this value, it means we are on the path to achieving a new peak.
In previous cycles, peaks always occurred when this indicator reached a value of 3.5 or above. At these levels, we start exiting the market gradually as it indicates that a peak has been reached or is very close.
Currently, the MVRV value is at 2.3, which means there is still room for the price to rise significantly to reach Bitcoin's fair value.
Even if the price drops, it's a new opportunity to reinforce. Exiting should only start when the indicator approaches a value of 3.
This means we are still somewhat far from the peak, and the price will achieve a new high in this cycle, which could be above $100k.
Written by Tarekonchain