I am observing something interesting on the Bitcoin chart. The MVRV Z-Score, that indicator many traders use to identify market bottoms, has not yet entered the historical green zone. According to researchers' analysis, when this index drops below -0.20, it usually marks the lowest point of the price. This time, the lowest reached was only +0.26, meaning we haven't yet tested that classic green range that appeared in previous cycles. It's curious because in all past major cycles, the MVRV Z-Score had already entered negative territory at this point. If that happens again, it would probably signal one of the best risk-reward ratios for Bitcoin in the medium and long term. With BTC around 78K now, I’m keeping an eye on this indicator.

BTC-1.48%
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