BTC won't see a massive drop for a while!

Bitcoin recently plunged to $54,500 before recovering. The MVRV ratio turned negative for the first time since March 2023, which, if sustained, could signal the start of a bearish trend.

Bitcoin's value is currently looking to fall further. The focus will be on whether Bitcoin recovers its 1-year moving average, a potential indicator of a bullish turn. If so, it could pave the way for an uptrend, but if it remains below that level, the market may increasingly suspect that a bear market is imminent.

There is also a point of smashing the market. Recently, Germany transferred another 1,000 Bitcoins,

Conclusion

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