Bitcoin MVRV Deviation Bands Signal Uptrend, What’s Next?

Bitcoin MVRV Deviation Bands depicted a current scenario reminiscent of the $16K mark from the last cycle, indicated by the red arrow. The MVRV ratio, which compares the market value to the realized value, showed Bitcoin trading above its realized value, signaling potential overvaluation but still within a bullish context. Historically, when the MVRV ratio aligns with […] The post Bitcoin MVRV... source: https://www.thecoinrepublic.com/2024/11/12/bitcoin-mvrv-deviation-bands-signal-uptrend-whats-next/