Bitcoin ‘golden cross’ appears for the first time since 2023: Will BTC price rally?
60-second summary
Bitcoin's MVRV ratio has triggered a 'golden cross' for the first time since 2023, indicating a shift to bullish momentum. This market structure strengthening may signal an early sign of a new bull market. Market participants are closely watching this development, with potential implications for a BTC price rally in the coming weeks, amidst ongoing market volatility.
Bitcoin’s MVRV suggests a shift to bullish momentum as BTC's market structure strengthens, which may be an early sign of a new bull market.