Bitcoin MVRV Ratio Signals Potential Upswing

According to BlockBeats, analyst @ali_charts suggests that Bitcoin's MVRV (Market Value to Realized Value) ratio may soon intersect with its 30-day Simple Moving Average (SMA), potentially indicating the start of a new upward trend for BTC. BlockBeats notes that MVRV is a metric used to compare an asset's current market value with its realized value, offering insights into whether the asset is overvalued or undervalued. source: https://www.binance.com/en/square/post/26265095604961?utm_source=BinanceNewsRSS