{"id":24246,"date":"2023-10-29T02:22:27","date_gmt":"2023-10-29T02:22:27","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/potential-bitcoin-bull-run-incoming-according-to-this-key-metric\/"},"modified":"2023-10-29T02:22:27","modified_gmt":"2023-10-29T02:22:27","slug":"potential-bitcoin-bull-run-incoming-according-to-this-key-metric","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/potential-bitcoin-bull-run-incoming-according-to-this-key-metric\/","title":{"rendered":"Potential Bitcoin Bull Run Incoming According to This Key Metric"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>According to a blog post from crypto analytics company IntoTheBlock, a specific metric is hinting that Bitcoin may be entering a new phase: a bull market cycle.<\/p>\n<p>This critical metric is <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a>\u2019s market-value-to-realized-value (MVRV) ratio. When explaining its significance, the firm noted, <em>\u201cWhen the MVRV ratio drops below 100%, it suggests Bitcoin\u2019s pricing is less than the average acquisition cost for its holders. Historically, bear markets have hit a low when MVRV fluctuates between 70% to 80%. Notably, every instance where the MVRV climbed above 100% after dipping below it signified the dawn of a bull market.\u201d<\/em><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>177% up to 5BTC + 77 <strong> Free Spins<\/strong>!<\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Considering this data, IntoTheBlock deduces that the current Bitcoin bull run initiated in January. Should the trend continue, Bitcoin could witness significant appreciation, possibly even matching the 300%+ MVRV seen in previous bull cycles. This observation ties back to various on-chain indicators suggesting that Bitcoin is still in its bull market infancy.<\/p>\n<p>For those unfamiliar, the MVRV measures the difference between an asset\u2019s market cap and its realized capitalization \u2013 essentially comparing Bitcoin\u2019s present market value against the price at which they were initially acquired.<\/p>\n<p>Yet, as with all analyses, there\u2019s room for uncertainty. IntoTheBlock advises caution, indicating that past MVRV and BTC patterns might not necessarily replay this cycle. <em>\u201cAlthough past trends don\u2019t guarantee future Bitcoin returns, the convergence of positive supply and demand factors does hint at the possibility of a new Bitcoin cycle.\u201d<\/em><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>As a closing snapshot, Bitcoin currently sits at $34,085 per <a href=\"https:\/\/igaming.org\/cryptocurrencies\/coinmarketcap\/\">CoinMarketCap<\/a>, marking an impressive near 14% growth over the past week.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/metrics-signal-potential-bitcoin-bull-run\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) According to a blog post from crypto analytics company IntoTheBlock, a specific metric is hinting that Bitcoin may be entering a new phase: a bull market cycle. This critical metric is Bitcoin\u2019s market-value-to-realized-value (MVRV) ratio. When explaining its significance, the firm noted, \u201cWhen the MVRV ratio [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":24247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24246"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24246"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24247"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}