BTC IS AT THE LOWER BAND OF THE POST-HALVING MVRV CHANNEL 🔍
The MVRV Z-score currently maps BTC in a $59k–$70k range, with price hovering near the lower band. Historical post-halving cycles show similar compressed volatility before directional expansion. Murphy notes a likely weak rebound into July 23rd, but warns against aggressive bottom fishing.
The 1.12 MVRV multiple at $59k has acted as structural support in prior cycles. The real caution zone begins after July 23rd into August. Are you treating this as a buying opportunity or waiting for a deeper sweep?
Not financial advice. Always manage your risk.
#BTC #Bitcoin #SupportZone #PostHalving #CryptoAnalysis
🔍
The MVRV Z-score currently maps BTC in a $59k–$70k range, with price hovering near the lower band. Historical post-halving cycles show similar compressed volatility before directional expansion. Murphy notes a likely weak rebound into July 23rd, but warns against aggressive bottom fishing.
The 1.12 MVRV multiple at $59k has acted as structural support in prior cycles. The real caution zone begins after July 23rd into August. Are you treating this as a buying opportunity or waiting for a deeper sweep?
Not financial advice. Always manage your risk.
#BTC #Bitcoin #SupportZone #PostHalving #CryptoAnalysis
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