Bitcoin MVRV Hits Levels That Lead To Parabolic Bull Run In 2020
Summary
The Bitcoin MVRV ratio has reached 2.5, indicating that the market cap is 150% higher than the initial investment. This level was seen before the parabolic bull run in 2020. The current BTC price is around $62,800, following a 22% rally. It's uncertain if the current rally will follow previous patterns.
