In the approximately four-year #Bitcoin market cycle, two peaks have been formed according to the MVRV indicator
A minor bull market top (A) where MVRV rises above 2.1 for the first time since the bear market
The major bull market peak (B) follows a period of reaccumulation following the minor bull market peak.
Is the Bitcoin cycle currently at A? B?
If the current Bitcoin cycle is similar to past A cycles, a strong price decline is likely in the short term $BTC
Source: cryptoquant.com/insights/quick…