"Bitcoin Expected to See Another Bull Run This Year"

Uk Jin

Summary

Analysis shows that Bitcoin's MVRV ratio is at 2.09, which hasn't reached its peak yet.
The MVRV ratio is expected to reach 3.2 in this cycle, suggesting the possibility of an upcoming bull run.
Bitcoin is currently trading at $85,039 on Coinbase, down 4.54% from the previous day.

While Bitcoin (BTC), the leading cryptocurrency, shows weakness, analysis suggests that another bull run could arrive within this year.

According to cryptocurrency-focused media outlet CoinTelegraph on the 27th, Chapar Ashur, CEO of DeFi, stated through X (Twitter) that "Bitcoin's MVRV (Market Value to Realized Value) ratio is at 2.09, which hasn't reached its peak yet. The MVRV will reach 3.2 in this cycle," adding that "this means we haven't reached the peak yet, and another bull run could be coming."

Meanwhile, as of 12:42 PM today, Bitcoin is trading at $85,039 on Coinbase, down 4.54% from the previous day.

BTC

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.

"Bitcoin Expected to See Another Bull Run This Year"

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