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Bitcoin MVRV Points To Bullish Breakout Under Key Condition
- Bitcoin closed the past week with a 4.07% price gain.
- Bitcoin MVRV ratio needs to close above its 90-day moving average for a bullish trend.
- Opening $2 billion BTC futures contracts increases long-squeeze risk.
- Bitcoin's current price is $62,875 with a 1.59% loss in the past day.
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