Bitcoin price metric suggests $15K surge after US elections — report
The MVRV ratio is firmly sticking to its 2-year uptrend, with support in place for fresh all-time highs, says Stack Funds. Bitcoin (BTC) has support to climb all the way to $15,000 if historic trends repeat themselves this year, a new report says.Compiled by crypto index fund provider Stack Funds on Oct. 15, the report highlights Bitcoin’s market cap vs. realized cap ratio (MVRV) fuelling gains, which could smash $12,000 resistance.Report expects “significant break” in MVRVBitcoin has yet to attempt a breakout of $12,000, seeing rejection at $11,700 this week. This has failed to dent....
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