Bitcoin Poised for Potential Price Surge as MVRV Indicator Attempts to Break Downtrend

Bitcoin could be on the brink of a significant price rebound, as per recent analysis by CryptoQuant. The Market Value to Realized Value (MVRV) ratio is a critical metric in understanding Bitcoin’s market dynamics. “The MVRV is currently around 2.1, and its movement could signal a crucial turning point for Bitcoin prices,” says CryptoQuant. Discover The post Bitcoin Poised for Potential Price Surge as MVRV Indicator Attempts to Break Downtrend appeared first on COINOTAG NEWS .

Source: CoinOtag