Bitcoin On-Chain Alert: BTC MVRV Ratio Breaks Below 365-Day Average - Here’s What This Means | Bitcoinist.com

Despite a sudden rebound on Monday, the price of Bitcoin has now fallen below the key $110,000 level after hitting as high as $113,000 last week. As BTC’s price trajectory turns bearish once again,...

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Bitcoin On-Chain Alert: BTC MVRV Ratio Breaks Below 365-Day Average - Here’s What This Means | Bitcoinist.com

Source: Bitcoinist.com

Despite a sudden rebound on Monday, the price of Bitcoin has now fallen below the key $110,000 level after hitting as high as $113,000 last week. As BTC’s price trajectory turns bearish once again, the market seems to be in a highly cautious state, as indicated by a drop below BTC’s MVRV network. Market Sentiment […]