Short-Term Holder MVRV is approaching 1 after exceeding 1.18 in September, indicating that recent buyers are nearing their average purchase price. Bitcoin recovered to approximately $77,961 o
Summary
- Bitcoin recovered to approximately $77,961 on November 1 after defending the 76,000–77,000 support zone.
- RSI and MACD show improving short-term momentum, but resistance at $78,000, $80,000 and $82,000 remains ahead of stronger bullish confirmation.
- Bitcoin is testing short-term investor conviction near $76,000 as recent selling reduces profits among holders who bought during its rally.
- Analyst Darkfostreportedthat the Short-Term Holder MVRV is approaching 1, following a September peak above 1.18.
Automatic summary based on the original source. Content rights belong to the publisher. Centro Blockchain is not responsible for opinions published by third parties.
