The short-term price correction in the Bitcoin market will not affect the bullish trend expected in the next year. In the past two bull market cycles, Bitcoin also experienced significant price pullbacks, but ultimately reached higher highs. The MVRV indicator for Bitcoin has always been good at determining the cycle top and the range of the cycle bottom. According to data provided by Cryptocoine, whenever the MVRV value reaches the red high-risk area, the market is usually at the top of the price range. Due to extreme optimism in the market and high levels of profit-taking, it is always accompanied by large-scale profit-taking actions, and of course, Bitcoin's price will also experience significant corrections. For example, during the bull market cycles in 2013, 2017, and 2021, the MVRV reached high levels, signaling the arrival of the market top. Conversely, when the MVRV enters the extremely low area, which is the green low-risk zone below, the Bitcoin market is usually at the bottom of the price range, where many people are in an unrealized loss state. It is often the best opportunity to accumulate Bitcoin in batches. From the current data, the MVRV has not yet reached historical highs, and some corrections around the $100,000 mark seem completely acceptable to me. Historical data shows that when the supply of short-term holders increases rapidly, it indicates that the market is entering a new upward cycle, so the bullish momentum in the coming half a year will not change.
#比特币盘整分析 #BNBChain生态MEME币发力 #美国GDP数据即将公布