Should Bitcoin’s [BTC] market bulls be thanking banks just yet? The answer is…

📆 3/17/2023 10:05 AM
📰 CryptoAmb

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Bitcoin rode into a crucial bullish zone as the MVRV ratio crossed the 365-day MA Sentiment returned to neutral, despite an abundance of buying power Bitcoin’s [BTC] recent volatility has done little to quash the signs of a bullish market. In fact, according to CryptoQuant’s market turbulence analysis, the coin’s Market Value to Realized Value […]

Furthermore, CryptoQuant mentioned that the decision helped BTC find support for the 1 million to 3 million age bands. This metric evaluates a cohort’s

by overlaying a set of different realized prices. An evaluation of the metrics implied that Bitcoin whales have been restrained from selling their coins after a makeshift trade-off.At press time, BTC was exchanging hands at $26,261, with the crypto recovered from its fall below $25,000 a little over 12 hours ago. At the time, this decline had affected the crypto’s Fear and Greed Index too, with the latter falling from ‘greed’ to ‘neutral.

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