On-chain data shows the Bitcoin MVRV Ratio Triple Ribbon is approaching a bearish cross, a sign that a correction could be coming soon for the crypto’s price. Bitcoin MVRV Ratio Triple Ribbon Is Close To Bearish Crossover As pointed out by an analyst in a CryptoQuant post, the MVRV ratio warns that a new round of decline may be coming for BTC. The “MVRV ratio” is an indicator that measures the ratio between the market cap of Bitcoin and its realized cap. The realized cap is a capitalization model for BTC that calculates a sort of “real value” for the
Bitcoin Cash (BCH) price noted a remarkable 90% rally in the span of just ten days, bringing the altcoin up from $358 to $678. However, this rally will likely halt for some time, and BCH will note corrections for this reason. Bitcoin Cash Investors Look to Sell Bitcoin Cash’s price…
Bitcoin Cash (BCH) price is making another attempt at breaching the year-to-date high, although, by the looks of it, this may not happen. Multiple reasons are contributing to the bearish anticipation, but this could be turned around if BCH flips a crucial level into support. Bitcoin Cash Whales Signal Drawdown…