In October 2024, BTC $100,000 is expected
The current black line (BTC: MVRV indicator from 21 years to now) and the red line (BTC: MVRV indicator from 13 years to 17 years) are still closely linked in the big cycle.
If the black line can reach 2.54 in October, and the current Realized Price (excluding the unmoved chips on the chain for more than 7 years) is $39,583, then the coin price will be at least ≥ $100,000 (2.54 * $39,583).
The black line in the figure is the [21 years to now] segment of the BTC: MVRV indicator, and the red line is the [13-17 years] segment of the BTC: MVRV indicator. The two lines align the BTC mining output of each cycle by half.
Note: MVRV refers to the ratio of the BTC market price to the overall average purchase price of BTC on the chain. The MVRV in the figure is a personal modification, that is, BTC on the chain that has not been moved for more than 7 years is considered to be long-term dormant or lost and excluded from the calculation.
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