Analyst: Bitcoin indicators have all entered the adjustment range, and it may take more time to clarify the bottom
Julio Moreno, the research director of CryptoQuant, posted on social media that it cannot be said that the price of Bitcoin has bottomed out now, as all valuation indicators have entered the adjustment range, and this process may require more time.
For example, MVRV is lower than its 365-day moving average (each time it falls below, it needs time to adjust).
Note: MVRV is a relative indicator, which is the ratio of circulating market value (Market Cap, MV) and realized market value (Realized Cap, RV).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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