When Bitcoin prices above 135K, we’ll witness the bull rally gaining momentum. Why?
From a cyclical perspective, combining on-chain and technical data, I’m confident we are not yet at the peak of this bull rally. At least, if all this data isn’t going to become irrelevant, I’m certain of it. I believe that once Bitcoin surpasses 135K, the bull rally will accelerate, leading to a parabolic rise.
In the chart, you can also see the MVRV Z-score (below), providing additional evidence that we are far from the peak.
From a cyclical perspective, combining on-chain and technical data, I’m confident we are not yet at the peak of this bull rally. At least, if all this data isn’t going to become irrelevant, I’m certain of it. I believe that once Bitcoin surpasses 135K, the bull rally will accelerate, leading to a parabolic rise.
In the chart, you can also see the MVRV Z-score (below), providing additional evidence that we are far from the peak.
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TradingView'deki avantajlar için : tr.tradingview.com/pricing/?share_your_love=Bullfighterr
IntoTheBlock için: app.intotheblock.com/
CryptoQuant için: cryptoquant.com/sign-up?my-friend=6s1a59g3
IntoTheBlock için: app.intotheblock.com/
CryptoQuant için: cryptoquant.com/sign-up?my-friend=6s1a59g3
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.