When the MVRV Z Score is 6.0, what will the BTC price be?
The MVRV Z Score is one of the precise BTC(Bitcoin) on-chain data. It's now around 1.9, The current BTC price is $51.7k.
What's the RV?
The RV is an abbreviation of the Realized Value. To calculate RV, sum BTC prices when they were last moved. Then, take an average of them.
The current realized BTC price is $23.5k
Source: MVRV-Z Score shows the clear view of the market sentiment.
MVRV Z Score = (MV - RV) / Standard deviation
Except the MV, if the others are fixed, when the MVRV Z Score is 6.0, it's 3.15 times than now. That means the BTC price will be more than 3.15 times. It's around $162k.
Of course, the RV tends to increase during the bullish markets. So, I think the top of this cycle would be much more than $162k.
Above all, the important thing is to keep your eyes on this data as always. It would be a navigator for assesing whether the current market is bubble or not.
This comment is for rewarding my analysis activities. Upvoting will be proceeded by @h4lab
162K USD great price!
This post was upvoted by @upex upvoting Services with 99.37%. To learn more Join our Discord community here.
