Category: MVRV
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Is Bitcoin Price In Bearish Phase? Here’s What The MVRV Ratio Says
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Bitcoin started Friday, August 16, trading below $57,000, after a surprise 7% drop on Thursday. While the leading cryptocurrency is showing good signs of recovery, a prominent crypto analyst explained how the recent price drop may have pushed Bitcoin into a bearish phase. Bitcoin Price MVRV Drops Below 1-Year Simple…