Tag: MVRV

Momentum Indicator Signals Bitcoin Price Could Spike Soon

By Afe Funbi Key highlights: Bitcoin price bounced off the $112,500 support zone, investors are watching the $114,800–$116,800 zone to confirm breakout. On-chain momentum indicators like the 70-day MVRV signal new buying pressure and reduced selling pressure. Analysts say a breakout above resistance could open the path toward $125,000–$132,500 in the weeks ahead. Bitcoin price […]