Analyst: Bitcoin MVRV Falls Below 365-Day Moving Average, Signaling Potential Entry into a 'Periodic Bottom Phase'
BlockBeats News, October 22, CryptoQuant analyst ShayanMarkets stated that the Bitcoin market value to realized value ratio (MVRV) recently fell below its 365-day moving average, a signal that has historically appeared multiple times before the market forms a cyclical bottom.
The analyst pointed out that the current MVRV ratio is around 1.9, slightly below its 365-day simple moving average (SMA). Looking at historical data, each time MVRV fell below the 365-day SMA, the Bitcoin price saw a significant rebound: a 135% increase in mid-2021, a 100% increase in June 2022, and a 196% increase in early 2024.
ShayanMarkets believes that this pattern indicates that Bitcoin may once again enter the undervalued range, where long-term holders typically begin to accumulate again. If history repeats itself, the Bitcoin price is expected to reach the range of $115,000 to $190,000 towards the end of the bull market.
You may also like
Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip
Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed
Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions
A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI
When American giants collectively "defect" from Chinese AI models
BIS Report Compliance Observation: The Real Risks of Stablecoins, Not Just "Depegging"
Portugal 2-1 Croatia: Ronaldo's 20-Year Knockout-Stage Drought Ends With a Debt Finally Collected
Portugal beat Croatia 2-1 in the 2026 global football championship's knockout rounds as Ronaldo scored his first-ever knockout-stage goal, Gonçalo Ramos struck a stoppage-time winner, and VAR ruled out a late equalizer for offside.

