Bitcoin tested the MVRV +1SD (🟪line) multiple times during the local highs of this cycle.
Sitting at $139.4K, up almost $50K from the current BTC price of $90K.
The R/R favors a hit of ~$140K before a retest of $40K IMO ($50K swings in either direction).
When +1SD sits that far above spot, it tells you volatility cuts both ways—but the upside swing math is hard to ignore. 👆
Sector:
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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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