phaver

" #Reversal of trends seen through BTC MVRV" 

The four-year (orange line) or one-year (black line) average MVRV has been an important resistance or support in Bitcoin market trends. (Overall market trends tend to follow a similar pattern.) 

As a result, we found that risk management was necessary in March due to the possibility of a short-term high based on on on-chain data, and then in July-September, the short-term adjustment is likely to be completed as the MVRV value (blue line) falls to the main support level, the four-year MVRV value. 

The current MVRV trend is looking a bit off the past pattern. After a brief overheating during the recovery phase, the price adjustment was milder than expected, and the longer adjustment period resulted in MVRV falling below both the 1-year and 4-year averages. 


Although the market is expected to recover recently, it is still below the one-year average, indicating that the market is still undervalued compared to the past year.