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Analyst: Bitcoin Indicators All Enter Correction Range, Clear Bottom or Need More Time

4 hours ago

On February 26th, Julio Moreno, the research director of CryptoQuant, posted on social media that it cannot be asserted that the price of Bitcoin has bottomed out at present. All valuation indicators have entered the adjustment range, and this process may require more time. For instance, MVRV is below its 365-day moving average (each time it falls below, it needs time to adjust). BlockBeats Note: MVRV is a relative indicator, representing the ratio of Circulating Market Cap (MV) to Realized Cap (RV).
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