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Bitcoinist
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Bitcoin STH MVRV Climbs To 0.90 – Is A Price Rebound On?
- Bitcoin is showing early signs of a market recovery, with the price reclaiming $86,000.
- The MVRV ratio for Bitcoin short-term holders is now at 0.90, signaling potential profitability.
- Bitcoin must cross the 1.00 mark in the MVRV ratio for significant price gains.
- Bitcoin faces resistance at the $88,000 level, while the immediate support is around $79,000.
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