Bitcoin recently faced a significant obstacle post $67,000, reaching a peak at $72,000 on May 21 and settling at $67,800. US-based interest in Bitcoin investments stands out in recent studies. Despite recent dips, market analyses suggest a positive outlook midway through the cycle, with insights from MVRV Z scores. The MVRV metric compares market cap to inflows, indicating potential peaks through MVRV-Z scores. Holder behavior varies among different holding durations, reflecting profit-taking motives. To succeed, investors should track the MVRV Z-score, analyze holder trends, assess regional inflows, and understand historical data. Despite challenges, Bitcoin's future remains promising.
Comments