While predicting future price movements of any asset can be

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While predicting future price movements of any asset can be challenging, several on-chain metrics can hint at potential price points that investors should watch. One such metric is the MVRV extreme deviation price bands. Recently, #Bitcoin has once again risen above the +0.5σ price band, which is currently at $64,600. Historically, such a rise has led to $BTC testing the 1.0σ price band, supported by growing demand. Currently, this price band is around $77,000.

While predicting future price movements of any asset can be challenging, several on-chain metrics can hint at potential price points that investors should watch. One such metric is the MVRV extreme deviation price bands.
Recently, #Bitcoin  has once again risen above the +0.5σ price band, which is currently at $64,600. Historically, such a rise has led to $BTC  testing the 1.0σ price band, supported by growing demand. Currently, this price band is around $77,000. 