The "three-in-one" metaphysical indicator shows that roughly in the two time periods of "the end of June - the beginning of August" or "the middle of August - the end of September", the three MVRV curves may rise synchronously. It's just that MVRV is always under divergence suppression on a large time scale, and combined with this feature, I have drawn three dotted lines of green, orange and purple as a reference in the figure, pointing to the three highs that appear in this cycle.
(Figure 1)
What we see so far is that 3 is below 2 and 2 is below 1 (divergence); From a purely metaphysical point of view, I think there is a chance that we can see an upward movement to the green line or the orange line in the above two time periods, corresponding to the price of BTC in the range of around $112,000-$116,000.
As for whether it can reach the purple line, it depends on whether it is a "rebound" or a "reversal". In this regard, I gave a way to judge this morning in a tweet. Obviously, this is not a small difficulty, because in each of the previous cycles, MVRV has not been able to break the suppression of large-level divergence.
In other words, MVRV=2.73 in this cycle is the previous high, and it will not be able to break through after that. Based on the current RP, if it can reach near the purple line, the BTC price will reach $133,000 (of course, the farther the time passes, the higher the price).
My !️ sharing is only for learning and communication, not as investment advice! !️
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This article was sponsored by #Bitget | @Bitget_zh
There's nothing to see in garbage time, so you can only watch the stars at night...... 🤣
Judging from the indicator of "three-in-one", there are two periods of simultaneous rise in the blue line and green line in the second half of this year, respectively from the end of June to the beginning of August (paragraph 1) and from mid-August to the end of September (paragraph 2). If the red line follows the pattern of most of the previous cases, it will also rise in tandem. From a purely metaphysical point of view, I think there may be two variables here:
🚩 Variable 1:
After the inflection point on May 25, the indicator has always been in a state of shock and decline; At present, the MVRV is 2.17, and if you want to start upward at the same frequency as the blue-green 2 line at the end of June, you need to meet a prerequisite, that is, the MVRV should pull back below 2 before the end of June, corresponding to the price of BTC at $95,000;
If not, then in the "first period" of the above period, the MVRV will most likely only rebound close to the previous high, that is, MVRV = 2.42 (orange dotted line in the chart), corresponding to the price of BTC at $116,000.
🚩 Variable 2:
The inflection point on May 25 may also be similar to the last time after the inflection point on December 17, i.e., the red line completely departed from the blue-green 2 line between January and March 25 and went out of a completely opposite direction (shaded in blue in the chart).
If this is the case, then the "first stage" time will all be oscillating downward, and it is not possible until the "second stage" to regain the same frequency upward; At that time, there may be an opportunity to challenge the highest point of this cycle, MVRV=2.73 (purple dotted line in the chart), corresponding to the price of BTC at $133,000;
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Note: Metaphysical prediction focuses on a mystery; The "corresponding BTC price" mentioned in the article is calculated based on the current RP value, and the longer the time interval, the greater the change of RP value, so it is best to calibrate it every 2 weeks.
My !️ sharing is only for learning and communication, not as investment advice! !️
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This article was sponsored by #Bitget | @Bitget_zh
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