Part 8/12:
The Market Value to Realized Value (MVRV) score, a popular sentiment indicator, shows that Bitcoin is still early in its current cycle. A green signal on the chart suggests a mid-cycle pause, with no imminent signs of reversal. This reinforces the idea that price levels could continue to ascend as long as these metrics remain favorable.
A notable recent trend is Bitcoin's modest increase of $10,000 over the past week, silently creeping upward without headlines, indicative of underlying strength.