@_DannyKnowles it’s remarkable how well this episode with @_Checkmatey_ has aged. The same tools used to spot a top heavy market at $110k proved valuable in identifying a bottom heavy market during this bear. You also called the $58k bottom.
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The BTC mean reversion index proved itself to be tremendously valuable during the bear. I’m equally excited to use it for navigating the bull market.
Bitcoin began a three-year uptrend the last time it reclaimed the MVRV 365DMA, which it’s trying to do again right now. $BTC
Bitcoin is +1sd from the short-term holder MVRV price mean of 67k. Just the 5th time since 2023 it’s broken into the blue. $BTC
Bitcoin has broken above the key short-term holder cost basis, signaling that the bulls may be taking back control of the market. $BTC
