CoinGape
2024-05-30 15:18:38

Bitcoin (BTC) Rebound Likely As MVRV Ratio Shows Ongoing Accumulation Phase

Anticipation in some quarters within the cryptocurrency community had suggested a significant increase in Bitcoin’s price following its halving event. Despite the quadrennial event, the digital asset is yet to experience a substantial price rebound. However, a recent analysis of the Market Value to Realized Value (MVRV) by Tarek On-Chain predicts that a rebound is The post Bitcoin (BTC) Rebound Likely As MVRV Ratio Shows Ongoing Accumulation Phase appeared first on CoinGape .

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