Yello, ParadiseClub Members! đ Are you curious about where we stand in the current Bitcoin bull cycle? Let’s decode some crucial market indicators:
đThe MVRV Z-Score is similar to a GPS for navigating the Bitcoin bull cycle. Right now, it’s hit a high of 3.07 in this cycle. This shows that we’re likely in the middle of the bull runânot just starting out, but not at the peak either. STH-SOPR Multiples are currently at 0.99. This shows that, on average, the short-term holders are not seeing gains as high as they were last year.
đWhat’s our ParadiseTeam Professional Traders‘ opinion? These numbers suggest weâre cruising through the mid-phase of the Bitcoin bull cycle. Typically, when we reach the peak of a cycle, this number will be over 1.05 on STH-SOPRâshowing traders are cashing out at higher profits. As of now, we will see some boring price action before the next leg up. So, prepare yourselves.
Stay sharp, focused, patient, and disciplined ParadisersđĨ
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