Key takeaways:
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Bitcoin’s MVRV ratio dropping below its 365-day average signals a local bottom, historically preceding big price rallies.
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Capital rotation from gold could fuel the Bitcoin rebound, according to analysts.
Bitcoin (BTC) could be poised for a sustained recovery in the coming weeks, as a key valuation metric sends a bullish signal. The BTC market might be forming a “cyclical bottom,” according to crypto analysts.
Bitcoin’s MVRV metric signals a “local bottom”
Bitcoin’s…
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