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Why Bitcoin’s Current Rally May Just Be Getting Started
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Why Bitcoin’s Current Rally May Just Be Getting Started
According to on-chain data from Glassnode, the next major price milestone of $130,000 could be within reach—if BTC manages to stay above the critical $110,000 support zone. The Market Value to Realized Value (MVRV) Extreme Deviation Pricing Bands, a model used to assess Bitcoin’s valuation relative to historical averages, suggests that the current price is still within a healthy growth zone. This metric compares Bitcoin’s market price to the ave…
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