๐Ÿ“ˆ๐Ÿ’ฐ Are we on the path to the 24-year BTC bull top? ๐Ÿš€๐Ÿ˜

In this intriguing analysis, the black line represents BTC's price trajectory, while the orange line illustrates the on-chain indicator BTC: MVRV. To add a twist, two infinite disjoint function curvesโ€”e^-x and ln(x)โ€”are employed to fit BTC's historical peaks and troughs.

๐Ÿ“‰๐Ÿ’น MVRV (Market Value to Realized Value) provides insight into the overall "market price/cost price" of BTC chips on the chain. It's a fascinating metric that sheds light on market dynamics.

๐Ÿ”๐Ÿ“Š By examining these indicators and curves, we're painting a picture of the potential journey ahead for Bitcoin. Will we see new heights reached, or are we in for a correction?

๐Ÿ”ฎ๐Ÿ’ก As we embark on this countdown to the speculated 24-year bull top, let's stay optimistic, keep a close eye on the data, and brace ourselves for whatever twists and turns the crypto market has in store! ๐Ÿ’ซ๐Ÿš€

#BTC #Bitcoin #CryptoAnalysis #BullMarket #Optimism ๐Ÿ“ˆ๐Ÿ’ฐFollow | Like โค๏ธ | Quote ๐Ÿ”„ | Comment