Benzinga – As the cryptocurrency market continues to experience turbulence, Bitcoin (CRYPTO: BTC) might be on the brink of a significant upswing, according to historical data.
What Happened: Ali Martinez, a prominent crypto analyst, took to social media platform X to share a promising insight. Martinez highlighted the potential for a substantial Bitcoin surge, based on historical trends.
“The last three times the #Bitcoin 30-day MVRV dropped below -9% in the last two years, the price of $BTC surged by 64%, 63%, and 99%, respectively. The #BTC 30-day MVRV is currently at -11.6%, suggesting it may be time to buy the dip!” Martinez wrote.
The last three times the #Bitcoin 30-day MVRV dropped below -9% in the last two years, the price of $BTC surged by 64%, 63%, and 99%, respectively.
The #BTC 30-day MVRV is currently at -11.6%, suggesting it may be time to buy the dip! pic.twitter.com/Q85skH7Hyj
