BTC bull market big return or not far away? This indicator needs to be focused on

Don't panic, the BTC big cycle return is not far away 😎

 

The black line in the figure represents the BTC: MVRV indicator's range from 20 years to present; the blue line represents the BTC: MVRV indicator's range from 16 to 21 years; the red line represents the BTC: MVRV indicator's range from 12 to 17 years. The three lines align the BTC mining output of their respective cycles by half.

 

Note: MVRV (Market Value to Realized Value) refers to the ratio of the BTC market price to the overall buying average price of BTC on the chain.