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Though Bitcoin might be shaky, dumping in the London session on April 30, IntoTheBlock data now shows that the market is, after all, solid.
In a post on X, the blockchain analytics platform noted that Bitcoin is in a mid-bull cycle.
An analyst has explained how a pattern forming in the Bitcoin Market Value to Realized Value (MVRV) could suggest now may be the time to buy.
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On-chain data shows a Bitcoin ratio has found rejection at a historical level, a sign that the asset’s downtrend may continue.
Bitcoin MVRV Ratio Has Rebounded Back Down Off The 2.