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{"id":941,"date":"2021-07-24T06:52:55","date_gmt":"2021-07-24T06:52:55","guid":{"rendered":"https:\/\/www.cryptocurrencypanther.com\/2021\/07\/24\/this-bitcoin-indicator-might-suggest-bull-run-is-still-on\/"},"modified":"2021-07-24T06:52:55","modified_gmt":"2021-07-24T06:52:55","slug":"this-bitcoin-indicator-might-suggest-bull-run-is-still-on","status":"publish","type":"post","link":"https:\/\/cryptocurrencypanther.com\/2021\/07\/24\/this-bitcoin-indicator-might-suggest-bull-run-is-still-on\/","title":{"rendered":"This Bitcoin Indicator Might Suggest Bull Run Is Still On"},"content":{"rendered":"


\n<\/p>\n

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The MVRV ratio, a Bitcoin indicator, might suggest that the current bull run isn\u2019t over, and the price of the crypto is yet to peak.<\/p>\n

The MVRV Ratio Indicates The Cycle Isn\u2019t Over Yet<\/h2>\n

As pointed out by a Crypto Quant post<\/a>, past cycles seem to follow a specific pattern on the MVRV charts. This might suggest that the current bull run hasn\u2019t peaked yet.<\/p>\n

MVRV stands for \u201cMarket Value to Realized Value\u201d. The ratio is defined as Bitcoin\u2019s market capitalization divided by realized capitalization.<\/p>\n

Related Reading | SpaceX Has Bitcoin On Its Balance Sheet, Elon Musk<\/a><\/strong><\/em><\/p>\n

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MVRV Ratio = Market Cap \u00f7 Realized Cap<\/p>\n<\/blockquote>\n

The MVRV ratio is useful for knowing whether the current price is fair or not. If the value is very high, it means Bitcoin\u2019s price might be overvalued, and thus investors would tend to have selling pressure.<\/p>\n

On the other hand, if the value of the indicator is low, it might suggest that the price of BTC is undervalued, which could result in buying pressure in the market.<\/p>\n

Related Reading | Bitcoin Volume Continues To See Yearly Lows As Price Struggles To Recover<\/a><\/strong><\/em><\/p>\n

Now, here is how the Bitcoin MVRV ratio chart looks like for the 2013 cycle:<\/p>\n

\"Bitcoin<\/p>\n

The BTC MVRV zones seem to decide bottom and top<\/pre>\n
In the above chart, the blue zone indicates a bottom. The MVRV ratio line only touches this zone during a bear<\/a> market, while the red box signifies a top.<\/p>\n
In the middle is another box with the color green. The MVRV ratio seems to touch this zone once after reaching a top in the middle of the bull run<\/a>, only to go back up again for the true top.<\/p>\n
Because of this, when the MVRV ratio touches the green zone after a correction, buying Bitcoin might be a good choice.<\/p>\n
Below is the chart that shows the 2017 cycle as well as the current run.<\/p>\n
\"Bitcoin<\/p>\n
BTC MVRV shows current cycle may not have reached the top yet<\/pre>\n
As is clear from the chart, the 2017 cycle also seemed to have followed a similar pattern where a top happened mid-cycle and then a correction brought it into a green zone.<\/p>\n
From the looks of it, the current cycle might just be in the middle right now, and a new top might be ahead.<\/p>\n
Bitcoin Price<\/h2>\n
At the time of writing, BTC\u2019s price<\/a> is around $32.3k, up almost 2% in the last 7 days. Here is a chart showing the trend in the crypto\u2019s price:<\/p>\n
\"Bitcoin<\/p>\n
BTC's price seems to be back on a uptrend | Source: TradngView<\/a><\/pre>\n
If the pattern of the MVRV ratio holds true, the bull run may not have reached a top in this run yet. So that the price might be heading up soon. However, this cycle could end up being different nonetheless, and a bear market<\/a> might be ahead instead.<\/p>\n
Featured image from Pexels.com, charts from CryptoQuant<\/a>, TradingView.com<\/pre>\n<\/div>\n

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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
The MVRV ratio, a Bitcoin indicator, might suggest that the current bull run isn\u2019t over, and the price of the crypto is yet to peak. The MVRV Ratio Indicates The Cycle Isn\u2019t Over Yet As pointed out by a Crypto Quant post, past cycles seem to follow a specific pattern on the MVRV charts. This […]<\/p>\n","protected":false},"author":1,"featured_media":942,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[36,600,936,601,937],"class_list":{"0":"post-941","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-bitcoin","9":"tag-bull","10":"tag-indicator","11":"tag-run","12":"tag-suggest"},"_links":{"self":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/comments?post=941"}],"version-history":[{"count":0,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/941\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media\/942"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media?parent=941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/categories?post=941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/tags?post=941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}