Analysis: Bitcoin MVRV and 30-day SMA may golden cross, indicating a bullish outlook

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On June 29, according to analyst @ali_charts, the Bitcoin MVRV (Market Value to Realized Value) ratio may experience a golden cross with its 30-day SMA (Simple Moving Average), which could signal the beginning of the next BTC rally.

BlockBeats Note: MVRV is an indicator used to compare an asset's current market value with its realized value, thereby providing insights into whether the asset is overvalued or undervalued.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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