๐๐ฐ Are we on the path to the 24-year BTC bull top? ๐๐
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 curvesโe^-x and ln(x)โare employed to fit BTC's historical peaks and troughs.
๐๐น 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.
๐๐ 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?
๐ฎ๐ก 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! ๐ซ๐
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