🇧🇷 "...the upward trend is likely to continue..." 🫡 $BTC
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CryptoQuant Quicktake
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Bitcoin MVRV Bounces Off 365-Day Average: Trend Still Alive?
Just 12 days ago, the Bitcoin MVRV score bounced off its 365-day simple moving average (SMA365), once again proving it to be a reliable mid-term support level.
Historically, as long as MVRV stays above its SMA365, the uptrend tends to continue. No need for complex models — sometimes trend-following can be that simple:
MVRV > SMA365 → Bull trend intact.
Written by burakkesmeci
Historically, as long as MVRV stays above its SMA365, the uptrend tends to continue. No need for complex models — sometimes trend-following can be that simple:
MVRV > SMA365 → Bull trend intact.
Written by burakkesmeci