Bitcoin MVRV Ratio At Make-Or-Break Test: Will Support Hold?

Bitcoin MVRV Ratio At Make-Or-Break Test: Will Support Hold?


On-chain data shows that the Bitcoin Market Value to Realized Value (MVRV) ratio is doing a retest that has historically been significant for BTC.

Bitcoin MVRV Ratio Is Retesting Its 365-Day SMA Right Now

As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin MVRV ratio is retesting a level that has acted as an important psychological level in the past.

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The “MVRV ratio” here refers to a popular on-chain indicator that, in short, compares the value that the investors are holding (that is, the market cap) against what they used to purchase the cryptocurrency (the realized cap).

When the value of this metric is greater than 1, it means the investors can be considered to be in profit right now. Tops can

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