๐ Bitcoin Market Structure
This cycle has seen 3 major range-bound phases, each lasting months.
A new consolidation range began in late August with $BTC at $111K, sitting just below the MVRV +0.5ฯ band (~$115K).
The market is coiling, waiting for the next breakout move. ๐
From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.