📈 Bitcoin’s MVRV Indicator Signals Room for Growth 👀
📊 The MVRV (Market Value to Realized Value) indicator is renowned for tracking down the #Bitcoin price tops and bottoms. Whenever the MVRV value is below 2, it signals an accumulation zone, indicating the price is still undervalued.
👉 Peaks in previous cycles have always occurred when the MVRV value reached 3.5 or above, suggesting it’s time to start exiting the market.
🤔 Currently, the MVRV value is at 2.3, suggesting significant room for price growth before reaching Bitcoin’s fair value. Even if the price drops, it’s seen as an opportunity to reinforce positions.
🤑 The bearish reversal could begin when the MVRV approaches 3, revealing that the uptrend is still somewhat far from the peak. Hence, the $BTC price could potentially achieve a new high in this cycle for a new all-time high level, surpassing the $74K mark.
