📈 On-Chain Data Insights: BTC Recovery & Bull Market Confirmation:

1️⃣ Short-Term (1d-6m):

Historical bear market: Price below 1D-6M Avg. Realized Price (resistance).Short-Term MVRV: Bull-Bear boundary, positive near it.

2️⃣ Medium-Term (6m-2y):

Confirming bull market: $BTC needs accumulation to break Medium-Term Avg. Realized Price (resistance).Medium-Term MVRV: Bearish-Bullish indicator.

📊 Current Data:

STH Avg Price: $28K

#MVRV : 1.04 Med-term Avg Price: $30.3K

MVRV: 0.96

🔍 Market Analysis: Similar to 2015-2016 recovery. #BTC needs accumulation for bull market confirmation, watch short-term data.

#bullmarket #Altcoins #Ethereum

$ETH $LTC