CryptoQuant Analyst: The 100-day moving average of MVRV shows that Bitcoin has not yet reached the peak of this cycle

2025-01-09 21:36:32

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ChainCatcher message, CryptoQuant analysts indicate that the analysis of the MVRV 100-day moving average indicator suggests that Bitcoin has not yet reached the peak price of this cycle.

The MVRV 100-day moving average indicator is an optimized metric for detecting market tops and bottoms. In the past two cycles, the MVRV indicator reached 3 at the market top, while currently it is at 2.14. Based on this, it can be said that Bitcoin is preparing to approach the peak price of this cycle, which is likely to occur in the coming months.

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