2024

when

April

Coin

<ul class="news-points">
 <li>Bitcoin’s potential surge to $75,000 could signal a bullish trend confirmation.</li>
 <li>On-chain data indicates a cooling market sentiment despite profitable Bitcoin supply.</li>
 <li>Historical MVRV Ratio trends suggest a promising buying opportunity for Bitcoin investors.</li>
</ul>
<a href="https://coinedition.com/bitcoin-btc-regains-65000-whats-next-for-the-coin-post-halving/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">Bitcoin’s</a> recent surge to $66,000 has ignited speculation among investors about the cryptocurrency’s bottom. With potential gains of up to 67% indicated by the MVRV ratio, eyes are on key price levels. As highlighted by Nebraskangooner, an analyst, a move to $75,000 could signal the bottom is in, but a drop below $58,000 might suggest otherwise.
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 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> update: If it manages to pump to $75,000 from here then the bottom is in. If it drops below $58,000 then the bottom is not in. Make sure to follow me and turn notifications on so you don't miss any important updates like this one.— Nebraskangooner (@Nebraskangooner) <a href="https://twitter.com/Nebraskangooner/status/1782196531841397225?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 21, 2024</a>
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In parallel, on-chain data shows that 88.8% of Bitcoin supply is profitable, which has eased from earlier highs this year. This trend mirrors conditions observed on February 7, 2024, when Bitcoin traded at $44,000, hinting at a possible cooling in market sentiment, possibly lea…
The post <a href="https://coinedition.com/bitcoins-mvrv-ratio-dips-below-average-an-opportunity-for-67-gains/" rel="noopener noreferrer nofollow">Bitcoin’s MVRV Ratio Dips Below Average: An Opportunity for 67% Gains?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin’s MVRV Ratio Dips Below Average: An Opportunity for 67% Gains?

Coin Edition

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