Bitcoin at $87,000: Market looks bullish, but MVRV ratio tells you…

Quick Summary:

Bitcoin's recent price surge is accompanied by high MVRV ratios, signaling a heated market.

Key support levels to watch include $85,000 and $80,000, while resistance is anticipated near $90,000 and $95,000 as Bitcoin inches closer to the psychological $100,000 mark.

The 30-day MVRV ratio for Bitcoin was at 15.01% at press time, while the 365-day ratio stood at 37.99%.

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Author / Journalist: Adewale Olarinde

Category: Crypto

Markets: United States

Topics: News 1 Ambcrypto Trading View BTC Trading View Bitcoin News Social

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 18:00:40 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 584 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23574355

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 19 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #103

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