strong buy
Bitcoin's Short-term MVRV Level to Trigger Profit-taking at New ATHs
The upcoming all-time highs and the emerging Euphoria Zone are unlikely to hinder further gains because the current profit of short-term holders remains low. Once the short-term holder MVRV surpasses the 1.30 threshold and a new all-time high is achieved, expect a rise in selling pressure. Presently, the short-term holder MVRV is at 1.15.
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AI Analysis
The analysis focuses on the behavior of short-term holders (STH) in the Bitcoin market, emphasizing that their profit levels are currently below a critical threshold of 1.30 MVRV. Historically, when S...
AI Recommendation
Given this context, it is advisable to maintain a bullish outlook on Bitcoin as long as the MVRV remains below 1.30. Investors could consider gradually increasing their exposure while carefully monito...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.