This On-Chain Indicator Will Tell You When To Sell Your Bitcoin: CryptoQuant
A popular on-chain metric suggests that the crypto bull market is still far too young for investors to consider selling their Bitcoin, according to CryptoQuant’s Thursday report.
The market intelligence firm published a research quick take analyzing whether Bitcoin was nearing a “distribution zone” / market peak or if current prices were still a good buy point for investors.
“There is only one indicator that can be used to determine the best action for long-term investors in the current times,” authorized analyst Tarek On-Chain said. “The MVRV (Market Value to Realized Value) indicator gives a highly accurate alert for Bitcoin price tops and bottoms.”
Is #Bitcoin Heading for a New Peak? Key Insights You Need to Know!
“This means we are still somewhat far from the peak, and the price will achieve a new high in this cycle, which could be above $100k.” – By @OnchainTarek
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