Is bitcoin from above? Bitcoin Mvrv-Score has the answer
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Bitcoin is Begin approaching about about 110,000 dollars again, recently paid to the highest level during the day 108116 dollars and now trading steadily over 107,000 dollars. Despite the decline to below $ 99,000 last week, the current basic procedure for Bitcoin shows that The broader market is still optimistic.
It is worth noting that the last basic procedure in the past 24 hours has started To calm questions about Whether Bitcoin has already reached the top of this course. MVRV Z-SCORE may provide a clear answer, and indicates a completely different direction than some people might expect.
MVRV Z-SCore says that Bitcoin has a space for operation
According to the Experience of Tafir, Dr. Rabah, who was initially published Analysis of the series from Bitcoin on the x social media platform, MVRV Z-ScoRe indicates that BTC is still far from the top of the course. The MVRV Z-Score is a fixed scale on the chain used to determine whether Bitcoin is exaggerated or less than its value.
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The analyst also indicated the current level On the MVRV Z-SCORE scale It is just a little higher than 2, which has been a relatively neutral area since the creation of Bitcoin. Bitcoin only reached its main peaks in its previous sessions when this scale rose to the red area and above about 8 and above.

The total bitcoin price scheme shared by Dr. Rabah shares this claim. Summers are displayed in the orange MVRV Z-SCore line with red shaded areas in the graph below. These red areas are almost perfectly compatible with Bitcoin price peaks in 2011, 2013, 2017 and 2021. So far to pay bitcoin to That feverish area. Instead, the graph shows the Ze Ze that is still in a much lower range. This is to show that the price of bitcoin can have a very required head direction.
MVRV for price: What does the current preparation for Bitcoin mean
One of the details that stands out in the current cycle is the highest level of MVRV Z, as shown in the scheme. Unlike the old sessions, where the scale rose to high areas of excessive value that exceeds 10, the last peaks were significantly more insulting. This trend can be explained as an indication that the market is starting to mature or may be bitcoin already It approaches the peak From its current session.
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However, although this style is worth monitoring, it is far from decisive. The only decisive fact is that the price of Bitcoin has never reached the top of a final cycle to push the MVRV Z to the red area, which has not done this time yet. Although there is no specific price peak of the scale, other analysts have provided a wide range of predictions for the place where it might fall. Predictions Bitcoin price tops Anywhere from 150,000 dollars to an altitude of up to $ 500,000.
At the time of this report, Bitcoin is trading at $ 107,740, an increase of 1.4 % over the past 24 hours.
Distinctive image from Getty Images, Chart from TradingView.com