Bitcoin indicator that nailed all bottoms predicts $15.6K BTC price floor
— Point, Relative, Almost —, History, Low, Filbfilb, Efficient bitcoin top, Bottoms, Z score, Founder — 1 min read
Bitcoin’s MVRV-Z Score is almost — but not quite — signaling a price reversal. The metric measures how high or low the Bitcoin spot price is relative to what is referred to as its “fair value” It has caught every macro top and bottom on BTC/USD in its history, and done so with an accuracy of two weeks. More downside pressure would deliver a repeat performance, but the metric has only gone below its green zone a handful of times, the last being in March 2020, according to data resource LookIntoBitcoin. The chart is "the one for me," says Decentrader co-founder Filbfilb. Bitcoin is currently trading at $17,600. Source