Analyst: Bitcoin's Support Level and Expected Target
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.
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.
You may also like
Circle minted 500 million USDC on Solana in the past minute
HumidiFi (WET) public sale round postponed to December 9th at 00:00
Bitget Launchpool project STABLE is now open for staking, with a total prize pool of 47.85 million STABLE.
BitMine increased its holdings by approximately 138,400 ETH last week, with total holdings exceeding 3.86 million ETH.
Trending news
MoreCrypto prices
More
