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Analyst: Bitcoin's Support Level and Expected Target
Bitget2024/11/08 04:41
According to analyst Ali on X, based on the analysis of the MVRV deviation pricing band, if Bitcoin can maintain above the support level of $71,489, its next local peak could reach $85,360.
Note: The MVRV deviation pricing band is an indicator derived from analyzing the relationship between market value and actual return rate. It is often used to assess whether assets are overvalued or undervalued.
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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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Bitcoin
BTC
$115,397.78
-0.46%
Ethereum
ETH
$4,593.06
-2.26%
XRP
XRP
$3.02
-4.22%
Tether USDt
USDT
$1
-0.00%
Solana
SOL
$242.83
+0.88%
BNB
BNB
$925.26
-1.69%
USDC
USDC
$0.9997
-0.00%
Dogecoin
DOGE
$0.2740
-9.68%
TRON
TRX
$0.3470
-1.19%
Cardano
ADA
$0.8830
-6.86%
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