Brace For Impact: Bitcoin MVRV Triple Ribbon Again Forms Bearish Cross

Brace For Impact: Bitcoin MVRV Triple Ribbon Again Forms Bearish Cross

On-chain data shows the Bitcoin MVRV triple ribbon has once again formed a signal that has lead to an average of 30% decline during previous instances this year. Bitcoin MVRV Triple Ribbon Shows Bearish Signal Formation As pointed out by an analyst in a CryptoQuant post, the latest trend in the BTC MVRV triple ribbon may suggest the crypto will observe another local drawdown soon. Before looking at what “MVRV” is, it’s best to first take a look at the two major types of capitalization methods for Bitcoin. The first cap, the usual market cap, is calculated by multiplying....


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