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Bitcoin (BTCUSD) Poised for Rally as MVRV Signals Bottom and Gold Declines

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin’s MVRV ratio indicates a local bottom, historically leading to strong rallies.
  • Capital rotation from a declining gold price and expected favorable CPI data could further support Bitcoin’s recovery into Q4, with projections of targets between $115,000 to $190,000 or higher.
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BTCUSD price history

75650.90 +15.08% over the displayed period

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