Today a scenario has emerged that leads to the hypothesis that the price of Bitcoin may be rising in the coming days.
This is only a hypothesis, but it is supported by at least one clear element.
To tell the truth there is also another dynamic that suggests this, but that dynamic only suggests a small short-term rebound, while the clear element suggests a potentially longer and more extensive rise.
The MVRV ratio
The Market Value to Realized Value ratio (more commonly called MVRV) is an on-chain indicator that measures how much Bitcoin’s current market price deviates from its “realized value”.
It is calculated as the ratio between the current price and the average price of all BTC at the time of their last on-chain movement.
For example, right now the price (Market Value) is about $77,000, while the RV (Realized Value) is just over $54,000. Therefore the MVRV ratio is equal to 1.42.
To calculate RV, you sum the dollar value that all BTC on the Bitcoin block
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