As the volume of BTC is getting bigger and bigger, the bull peak multiple is getting weaker and weaker. Therefore, I have always used y=a+b*e^(c*x) to fit the historical bull peaks (red arrows in the figure) of the BTC: MVRV indicator. This is the method I often use to predict the approximate height of the next bull peak MVRV.

Slightly improved, adding an oscillating indicator of 0-100 in the percentage system. <span is the bear market panic zone, and you can gradually buy the bottom; =100 is the peak of the bull peak, or you can accurately escape the top.

The current score of this indicator is 68.5, which is in the "excited" zone