G a a h2021-07-23

We are still in the bull market (MVRV 2013 Cycle)

In all end-of-cycle tops a top was signaled only after the first correction and a touch of the green box, signaling good buying momentum, in the middle of the bull run. Only in the bear market period the MVRV looks for the box in blue, being the 'bottom' in which occurs during the Halving event, historically it happened in all cycles. In purple you see the moment in 2017 and in the white circle 2011/2013. It only happens the bear market when we are less than 900 - 800 days to the next Halving.