BTC bull market big return or not far away? This indicator needs to be focused on
CryptoChan2024/09/18 09:36
Don't panic, the BTC big cycle return is not far away ๐
The black line in the figure represents the BTC: MVRV indicator's range from 20 years to present; the blue line represents the BTC: MVRV indicator's range from 16 to 21 years; the red line represents the BTC: MVRV indicator's range from 12 to 17 years. The three lines align the BTC mining output of their respective cycles by half.
Note: MVRV (Market Value to Realized Value) refers to the ratio of the BTC market price to the overall buying average price of BTC on the chain.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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