Michael Saylor
@saylor
Rarely does $BTC trade below its 200 Week Moving Average.
5:34 PM · Aug 28, 2023 · Via X.com
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@saylor
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Hi John, here’s your MVRV Z-Score read:
MVRV Z-Score
1.58
Down from 2.19 and well below the 7+ zone that marked every cycle top. Bitcoin is mid-cycle: not overheated, not cheap. Watch for a reclaim of 2.0 as the next momentum signal.
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Global Liquidity the critical macro metric for Bitcoin.
Highlighting periods of Bitcoin extreme risk / opportunity.
Key moving averages that have identified each Bitcoin cycle top.
Dividing current supply by annual production to forecast Bitcoin price.
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