Bitcoin (CRYPTO: BTC) has surged to $64,000, but a key metric indicates that it’s still in a “prime buy zone,” according to a prominent Crypto analyst.
What Happened: Ali Martinez, a well-known crypto analyst, pointed out that despite Bitcoin’s recent price surge, the MVRV 90-day Ratio suggests that the cryptocurrency is still in a favorable buying position.
“Despite #Bitcoin’s recent surge from $57,000 to $64,000, the MVRV 90-Day Ratio indicates that remains in a prime buy zone!” Martinez wrote.
As per Martinez, the MVRV ratio, which ...
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