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<p>The price of Bitcoin has shown some strength lately, with a continued steady increase. Although it started bearish today, some key indicators that show the price direction of Bitcoin are hinting at where the price could be headed next.</p>
<p>Ali, a well-known crypto analyst, explains the importance of <a href="https://cryptoquant.com/insights/quicktake/66758a1cde146045c63eb142-MVRV-Momentum-and-Potential-for-Further-Growth" target="_blank" rel="noopener noreferrer nofollow">the MVRV Momentum indicator</a> for assessing Bitcoin’s trend. This indicator reflects the ratio of Market Value to Realized Value, providing insights into the market’s valuation.</p>
<p><em><strong>Read Also: <a href="https://captainaltcoin.com/looking-for-next-wif-or-pepe-top-7-low-cap-memecoins-whales-accumulate-now/" target="_blank" rel="noopener noreferrer nofollow">Looking for Next WIF or PEPE? Top 7 Low-Cap Memecoins Whales Accumulate Now</a></strong></em></p>
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   <p lang="en" dir="ltr">One of my go-to indicators for gauging <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a>'s trend, the MVRV Momentum, has flipped bullish again!!! <a href="https://t.co/qOtIJgXTWe" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/qOtIJgXTWe</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1848107926088785969?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 20, 2024</a>
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<p>By applying both monthly and yearly moving averages to the MVRV, analysts can better gauge its momentum and the overall market sentiment.</p>
<p>Based on his analysis, the indicator has turned bullish again, showing that the price of BTC still has some upward movement to do.</p>
<h2 class="wp-block-heading" id="monthly-btc-price-volume-oscillator">Monthly BTC Price Volume Oscillator</h2>
<p><a href="https://x.com/CryptoCon_/status/1848058534694441468?t=6b_YkOPtHfcYymwso7mLQw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Another expert, CryptoCon,</a> highlights the significance of the <a href="https://www.stockopedia.com/learn/charts-technical-analysis/volume-oscillator-462988/#:~:text=The%20Volume%20Oscillator%20shows%20trends,then%20plotted%20as%20a%20histogram." target="_blank" rel="noopener noreferrer nofollow">Monthly Volume Oscillato</a>r. A super signal occurs when Bitcoin’s trading volume drops significantly during a bull market. Historical data reveals that such occurrences preceded massive price surges in December 2012, October 2016, and September 2023.</p>
<p><em><strong>Read Also: <a href="https://captainaltcoin.com/solana-sol-price-explosion-imminent-key-levels-hint-at-a-significant-upswing/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL) Price Explosion Imminent? Key Levels Hint at a Significant Upswing</a></strong></em></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="674" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-750-1024x674.png" alt="" class="wp-image-569641" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-750-1024x674.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-750-300x197.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-750-768x505.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-750-1536x1010.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-750-2048x1347.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-750-228x150.png 228w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-750-100x66.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-750-336x220.png 336w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-750-532x350.png 532w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-750-788x518.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-750.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Notably, the period from 2019 to 2022 did not exhibit any super signals, making the current situation particularly intriguing. The absence of extremely high volume before this low suggests a strong bullish outlook.</p>
<p>We cannot be certain how much the price will rise if the bullish move continues. However, we need to see a decisive break above the $70,000 to $72,000 resistance levels to sustain the upward push.</p>
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<p>The post <a href="https://captainaltcoin.com/key-indicators-gauging-bitcoin-btc-price-trend-flip-bullish-again/" rel="noopener noreferrer nofollow">Key Indicators Gauging Bitcoin (BTC) Price Trend Flip Bullish Again</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Key Indicators Gauging Bitcoin (BTC) Price Trend Flip Bullish Again

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