MVRV Breaks Above 1: Is Another Rally Coming for Bitcoin?
• The Bitcoin Market Value to Realized Value (MVRV) ratio finally broke above 1 after 216 days, suggesting another BTC rally is in the works. • BTC prices surged to as high as $23,300 on Saturday, January 21, indicating that demand is still strong. • Analysts may use the MVRV ratio to time market entries and exits, as typically prices are at their bottom when the MVRV is below 1.