Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12819
Markets: 99547
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12819
Cryptocurrencies
60.37%
Bitcoin Share
The Daily Hodl 2024-12-11 01:00:32

Here’s What Could Confirm a Market Cycle Top for Bitcoin, According to Analyst Benjamin Cowen

Here’s What Could Confirm a Market Cycle Top for Bitcoin, According to Analyst Benjamin Cowen

Crypto analyst Benjamin Cowen says there’s one indicator that could signal the end of the Bitcoin ( BTC ) bull market in the future. In a new strategy session, Cowen takes a look at the MVRV Z-score, which compares the market cap of BTC to the value of each coin the last time it was moved to gauge whether Bitcoin is undervalued, overvalued, or at fair value. Cowen notes that in the past, market cycle tops have occurred when the MVRV Z-Score hits a certain range. “Historically, market cycle tops for Bitcoin have corresponded to an MVRV Z-Score somewhere between seven to 10, at around seven to 10. In fact, the first cycle top, the MVRV Z-Score topped out at around 7.68. The last one topped out at around 7.15. And you can see the ones in between went even higher. Again, right now, the MVRV Z-Score high for this cycle is 3.29, but this is another metric that certainly could be useful in helping to confirm whether a high corresponds to a market cycle top or if that true euphoric sentiment is there, or if we just think it’s there. That’s kind of the thing about back in March 2024, it felt like the market was overheated, and it was, we got a mid-cycle top. But, a look at this chart would have helped to suggest that it was not in fact, a market cycle top. So I do think this is another chart that we can put in our toolkit to help us better navigate Bitcoin.” Source: Benjamin Cowen/YouTube At time of writing, BTC is trading at $96,253. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Here’s What Could Confirm a Market Cycle Top for Bitcoin, According to Analyst Benjamin Cowen appeared first on The Daily Hodl .

Most Read News



Cryptohopper
Market Cap
24h Vol
60.37%
Bitcoin Share
26
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.