Crazzyblockk
BTC: Will history repeat itself?
According to the bitcoin 2018-2020 price cycle, we tested level 1 of the MVRV ratio and a little under this value. After that, we witnessed the bitcoin price bull run and market profitability. Considering the nature of this metric to determine the realized value/market value, we are in the valuable area. If the bitcoin price tests level 1 of MVRV successfully and goes back above EMA 100D of this metric, bitcoin will be back in the game.