Bit coin

Source: Bitcoin Magazine Pro
I expected when the MVRV Z Score breaks 2.0, it's possible to pull back again. It's realized 😂 Now, the MVRV Z Score is 1.75.

As I previously explained it, the MVRV Z Score is one of the most reliable BTC(Bitcoin) On-chain data. Take a look at the pattern on the chart.

If there's no recession for the following months, the MVRV Z Score will follow the 1st and 2nd cycle patterns, which means the MVRV Z Score will not likely plunge around 0.
Furthermore, as I previously said the trend, each cycles' tops has been decreasing. Therefore, I'd say this cycle top of the MVRV Z Score will be aroud 6, and the market cycle will end.