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Bitcoin MVRV Golden Cross Nears as Analysts Signal Bullish BTC Setup
CryptoQuant analyst CW8900 said Bitcoin’s MVRV ratio is nearing a golden cross, a bullish signal that previously came before a 90% rally in Q1 2023. The article also cited short-term holder cost basis bands at $92,000 and $104,000 and analyst calls for a breakout above the 200-day moving average at $82,500.