news

bitcoin

1 X bitcoin bitcoin =

Friday

05 March 2021

On-Chain Data: The Last Time This Happened, Bitcoin Rose Another 2x

On-Chain Data: The Last Time This Happened, Bitcoin Rose Another 2x


smart summary beta

The Bitcoin MVRV Z-Score indicator is typically used to measure whether an asset is undervalued or overvalued.

When this indicator reaches the top of the red zone shown below, it indicates that the market is likely overvalued.

Currently, the BitcoiN MVRV Z-Score indicator is about to enter the red zone.

This trend occurs because during a bull cycle, Bitcoin becomes overbought.

Goto Full Article

bitcoin bitcoin price

$49699.00

24h

Live Average

bitcoin

News Article Sentiment

positive

Score (0)

Article Metadata

author

site

newsbtc
Market data feeds provided by cryptocompare.com
bitsmart 2021