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Bitcoin’s Next Move: What Are Indicators Suggesting

  • Market indicators suggest that Bitcoin may be on the verge of a major rally.
  • Traders are selling their Bitcoin holdings at a loss, which historically leads to upward price pressure.
  • The Bitcoin Market Value to Realized Value (MVRV) momentum indicator crossing above its 70-day moving average may trigger a bullish reversal.
  • The low sell-side ratio, aSOPR dip, and MVRV momentum signal a potential rally for Bitcoin.

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