Glassnode: BTC has flashed momentum signals that opened in the last two bull markets, and MVRV has also re-established itself above its 365-day moving average
On-chain data analysis platform Glassnode posted on X: Bitcoin has flashed momentum signals that have initiated the last two bull markets, and the MVRV has once again crossed above its 365-day moving average.
Glassnode stated that this is the same crossover that occurred at the beginning of each bull market in 2019 and 2023.
Interpretation
Risk warning Risk warning
