That perspective chimes with others calling for calm over current BTC price performance.Among them is popular analytics account Dilution-proof, which on the day drew attention to BTC/USD simply copying previous bear market behavior.
Evidence came in the form of Bitcoin’s MVRV-z score — an expression of market cap to realized cap in standard deviations. Dilution-proof initially called the metric"Market-Value-to-Realized-Value Temperature ." Currently, accompanying charts showed, signs point to a classic bear market bottom formation, Dilution-proofBitcoin Market-Value-to-Realized-Value Temperature chart. Source: Dilution-proof/ TwitterMVRV-z in a list of"striking similarities" between 2022 and past price cycles.
The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Still way to early for bull run
Going to 0$
dpuellARK 😂😂😂
dpuellARK Hope
dpuellARK Investing in bitcoin has always been a medium or even long term commitment. Even though I would love to see higher prices, I am not worried because I am going to stick with the plan. Money always goes from the impatient to the patient
dpuellARK Despite many calling for new BTC/USD lows of $12,000 or less this cycle, not everyone is wholly bearish on the outlook for Bitcoin. For Puell, two essential on-chain phenomena necessary for BTC price recovery are already in evidence.
dpuellARK We're nice Bitcoin bands 🤓
dpuellARK Fact
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