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Market Cap:
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Bitcoin Bitcoin Share: 59.7%
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cryptonews
2023-04-18 23:24:00

Bitcoin in Early Stages of New Bull Market, Widely Followed Technical Indicator Suggests

Bitcoin in Early Stages of New Bull Market, Widely Followed Technical Indicator Suggests

Bitcoin is in the early stages of a new bull market. That’s according to analysis of a widely followed technical indicator called the Market Value to Realized Value Ratio, or MVRV Ratio. This ratio, which is calculated by dividing Bitcoin’s current market capitalization by its market capitalization at the realized price (i.e. the average price at which each individual Bitcoin token last moved), recently hit 1.48, its highest level since last April.... Read More: Bitcoin in Early Stages of New Bull Market, Widely Followed Technical Indicator Suggests

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