The post Market Analyst: Bitcoin (BTC) Bull Run is Just Warming Up appeared first on Coinpedia Fintech News
Bitcoin (BTC) is once again making headlines as a prominent analyst suggests that the digital currency is poised for an extended bull run. Despite recent stability with prices hovering around the $30,000 mark, this forecast offers a glimmer of hope for Bitcoin investors and enthusiasts alike.
Just getting started$BTC pic.twitter.com/jcXJzASDl4
— Will Clemente (@WClementeIII) July 3, 2023
Understanding the Long-Term Holder (LTH) MVRV Indicator
This bullish prediction of analyst Will Clemente, is grounded in the interpretation of a battle-tested indicator known as the Long Term Holder (LTH) MVRV. Designed to identify potential turning points in Bitcoin’s market cycle, this metric compares the market value of all circulating coins to their realized value. By focusing on coins held for an extended period, the LTH MVRV provides valuable insights into the behavior of long-term in
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