Popular Macroeconomic Specialist Lyn Alden, Bitcoin $83,124.85shared the evaluations of the correction process. Alden stated that the current situation could be compared with a similar process observed in March 2024, and that this analysis is on the basis of a metropy on the chain.
Market value and realized value
The expert drew attention to the MVRV indicator following the relationship between Bitcoin’s market value and the value realized. This metric is used to measure the value of the asset by comparing the market capitalization of Bitcoin to the average price in which all coins moves.
Price Correction Process and High Levels
Alden observed that the average cost foundation was delayed due to the fact that market capitalization increased rapidly during the starting phase of the bull market. This may lead to an increase in MVRV ratio and that long -term investors can signal longer -term corrections by directing their assets to sale.
Future expectations
The expert said that the MVRV ratio is already in the typical bull market range and that the current level of Bitcoin should be evaluated within this framework. Bitcoin’in $ 73,000 and $ 108,000 in the past, although the ratio to the level of the ratio, although it was noted, it did not point to a very long -term tendency, he said.
In addition, Alden added that the market focused on the possibilities of breaking or decreasing and continued to evaluate that the likelihood was higher. At the moment, Bitcoin is traded at approximately $ 81.357.
Lyn Alden: “My focal point is to distinguish between the possibility of breaking and the possibility of decrease.
In line with the report, market indicators indicate that investors should maintain their cautious approach. As a result of the analysis, considering the current level and MVRV ratio of Bitcoin, it is thought that there is the potential to increase prices in the coming period. However, uncertainties continue in the evaluations of the market and it is deemed appropriate for investors to take careful steps.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
