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Bitcoin MVRV Ratio Is At A Critical Retest: Can Bulls Triumph?

What is the MVRV Ratio?
The Market Value to Realized Value (MVRV) Ratio is a metric used to analyze the value of Bitcoin held by investors compared to the price at which it was acquired. It is calculated by dividing the current market value of Bitcoin by the realized value, which is the price at which the coins were last moved. This ratio is often used to determine if Bitcoin is overvalued or undervalued. Short-Term Holders and the MVRV Ratio
Short-term holders are investors who have held Bitcoin for less than 155 days. They are considered to have a higher risk tolerance and are more likely to sell their coins during market fluctuations. The MVRV Ratio of short-term holders is currently making a retest, which could have a significant impact on BTC's price. The Importance of the 155-Day Moving Average
The 155-day moving average (MA) is a technical indicator used to smooth out price fluctuations and identify trends. It is calculated by adding the closing prices of the last 155 days and dividing by 155. The 155-day MA is used as a key level for the short-term holder MVRV Ratio, and a break above it could signal a bullish trend for Bitcoin. The Potential Impact on Bitcoin's Price
According to on-chain analyst Checkmate, a break above the 155-day MA for the short-term holder MVRV Ratio could lead to bullish action for Bitcoin. This means that short-term holders are currently holding on to their coins, indicating a strong belief in the future value of Bitcoin. This could also attract more investors and potentially drive up the price of BTC. Trending Hashtags and Crypto Tickers
#Bitcoin #MVRVratio #onchainanalysis #BTCprice #155dayMA #shorttermholders #bullishaction #cryptomarket #BTCinvestors #cryptoanalytics #digitalassets


Sentiment Result : Positive

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