23-05-2024 19:30 via newsbtc.com

Is $77,600 The Next Step For Bitcoin? On-Chain Pricing Model Hints So

Data from a Bitcoin pricing model based on an on-chain indicator suggests that $77,600 may be the level where the asset will see its next peak.
Bitcoin MVRV Pricing Bands Could Provide Hints About What’s Next
In a new post on X, analyst Ali discussed what the Market Value to Realized Value (MVRV) Pricing Bands model could suggest about the cryptocurrency’s future.
The MVRV ratio is a popular on-chain indicator that compares the Bitcoin market cap and realized cap. The former is just
Read more »