Potential Major Rally on the Horizon for Bitcoin (BTC) and Dogecoin (DOGE), According to Indicator Known for Predicting Previous Surges
16d ago•
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- Popular analyst Ali Martinez shares his predictions for Bitcoin and Dogecoin.
- Bitcoin’s gradual decline that began in April continues in May, with investors eagerly awaiting the start of the main bull rally.
- Martinez alerts investors that the MVRV ratio in Bitcoin is signaling a bottom.
Renowned analyst Ali Martinez provides insights into Bitcoin and Dogecoin’s potential market movements, highlighting key indicators such as the MVRV ratio.
Bitcoin’s MVRV Ratio Signals Potential Bull Rally
According to Martinez, the MVRV ratio, currently at 11.6%, is giving a bottom signal for Bitcoin. Historically, every time the MVRV ratio has dropped below 9%, it has been followed by significant price increases. If history repeats itself, the MVRV ratio could be signaling a dip and subsequent rise in Bitcoin.
Historical Data Supports Bull Rally Prediction
Looking at historical dat... Read the full article for FREE at COINOTAG!
16d ago•
bullish:
0
bearish:
0
Share