Bitcoin: MVRV Crosses 365-Day Average
Bitcoin MVRV ratio crosses above 365-day average at $86030.85, repeating 2019 and 2023 bull market starts with bullish 4h technical confluence.
SourceAnalysis
Bitcoin flashed the identical MVRV momentum signal that ignited the prior two bull markets as the ratio crossed back above its 365-day average.
Price sits at $86030.85 inside a bullish structure above the EMA50 support at $80974.7 and EMA200 at $76334.93, yet the RSI(14) at 75.46 already registers overbought while price tests the upper Bollinger Band resistance of $87909.38, suggesting a healthy pullback toward the 50-EMA before any extension in BTC price prediction models.
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