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Bitcoinist 2024-08-17 16:00:03

Is Bitcoin Price In Bearish Phase? Here’s What The MVRV Ratio Says

The Bitcoin price began Friday, August 16 from beneath the $57,000 level, following a sudden 7% fall on Thursday. While the premier cryptocurrency is showing good signs of recovery, a prominent crypto analyst has explained how the latest price decline may have pushed the BTC price into a bearish phase. Bitcoin MVRV Drops Below 1-Year

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