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We are not in a bear market! (MVRV)
At the current historical top of $65,000 the MVRV did not reach the same level reached in the previous bull run, but it did reach the band. Weak top. At the current range, $30,000, we have reached the same buy zone level since September 2020. Buying at this same level in the past cycle was seen between January to March 2017. It does not sell at the bottom, but prepares ammunition for the bottom. Short-term data offers probability of test at support, good exposure opportunity.