CoinScoopAnalyst: Adjusted MVRV Indicator Signals Bitcoin Bull Market
CryptoQuant analyst Axel Adler Jr. reported that Bitcoin entered an early bull market phase on August 20, when the 30-day moving average of the adjusted MVRV ratio crossed above its 365-day moving average. Bitcoin was priced at $71,255 at the time and subsequently rose 13% over the following 31 days.
Summaries are written by AI from the original article. Not investment advice.