{"id":476744,"date":"2021-11-18T19:00:28","date_gmt":"2021-11-18T19:00:28","guid":{"rendered":"https:\/\/uniquehot.com\/?p=476744"},"modified":"2024-06-11T14:00:27","modified_gmt":"2024-06-11T14:00:27","slug":"bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/","title":{"rendered":"Bitcoin MVRV Shows Top Isn’t In Yet, BTC Still Has Room To Grow"},"content":{"rendered":"

The MVRV indicator shows that Bitcoin currently hasn’t reached the top yet, and the crypto may still have room to grow.<\/p>\n

Bitcoin MVRV Ratio May Show The Top Hasn’t Been Reached Yet<\/h2>\n

As pointed out by a CryptoQuant post<\/a>, on-chain data suggests MVRV ratio values are still low right now, implying that the coin hasn’t yet made the top.<\/p>\n

The Market Value to Realized Value<\/a> (or MVRV in short) ratio is a Bitcoin indicator that’s defined as the market cap divided by the realized cap.<\/p>\n

MVRV Ratio = Market Cap \u00f7 Realized Cap<\/p><\/blockquote>\n

The metric’s value tells us whether BTC’s current price is fair or not. If the ratio gets too high, it may mean that the coin is overvalued right now. This may imply there is selling pressure at this point.<\/p>\n

On the other hand, the price of the coin may be considered undervalued during periods where the MVRV ratio is low. A buying pressure could be present while such values sustain.<\/p>\n

Now, here is a chart that shows the trend in the value of this Bitcoin indicator over the past few years:<\/p>\n

\"Bitcoin<\/p>\n

Looks like MVRV values are still not very high | Source: CryptoQuant<\/a><\/pre>\n
As the above graph shows, during all the previous bull runs, the indicator’s value has shown sharp spikes near the top.<\/p>\n
Related Reading |\u00a0Inflation fears sparks Bitcoin rally before Taproot – Crypto Roundup, Nov 15, 2021<\/a><\/strong><\/em><\/p>\n
As very high values suggest Bitcoin is overvalued and that a correction could come soon, the MVRV ratio may be used to spot tops. Similarly, low values may be considered good buying opportunities.<\/p>\n
Looking at the chart, the indicator’s value now seems be lower than what was seen during the early 2021 rally<\/a> (and also during the 2017 bull run). So this may imply that despite BTC declining in the past few days, the top may not be in yet. And the crypto could still have more room to grow.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin’s price<\/a> floats around $59k, up 9% in the last seven days. Over the past thirty days, the coin has gained 5% in value.<\/p>\n
The below chart shows the trend in the price of BTC over the last five days.<\/p>\n
\"Bitcoin<\/p>\n
BTC's price has dropped off in the last few days | Source: BTCUSD on TradingView<\/a><\/pre>\n
Since Bitcoin made its new all-time high around $69k, the coin has been trending downwards. In the past few days, the crypto has mostly shown sideways movement.<\/p>\n
Related Reading |\u00a0Preview Of The Peak: November Rains Red For Bitcoin Holders<\/a><\/strong><\/em><\/p>\n
There hasn’t been any sign of recovery yet, but if the MVRV ratio is anything to go by, BTC’s price may still have a while to go during this run.<\/p>\n
Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
The MVRV indicator shows that Bitcoin currently hasn’t reached the top yet, and the crypto may still have room to grow. Bitcoin MVRV Ratio May Show The Top Hasn’t Been Reached Yet As pointed out by a CryptoQuant post, on-chain data suggests MVRV ratio values are still low right now, implying that the coin hasn’t yet made the top. The Market Value to Realized Value (or MVRV in short) ratio is a Bitcoin indicator that’s defined as the market cap divided by the realized cap. MVRV Ratio = Market Cap \u00f7 Realized Cap The metric’s value tells us whether BTC’s current price is fair or not. If the ratio gets too high, it may mean that the coin is overvalued right now. This may imply there is selling pressure at this point. On the other hand, the price of the coin may be considered undervalued during periods where the MVRV ratio is low. A buying pressure could be present while such values sustain. Now, here is a chart that shows the trend in the value of this Bitcoin indicator over the past few years: Looks like MVRV values are still not very high | Source: CryptoQuant As the above graph shows, during all the previous bull runs, the indicator’s value has shown sharp spikes near the top. Related Reading |\u00a0Inflation fears sparks Bitcoin rally before Taproot – Crypto Roundup, Nov 15, 2021 As very high values suggest Bitcoin is overvalued and that a correction could come soon, the MVRV ratio may be used to spot tops. Similarly, low values may be considered good buying opportunities. Looking at the chart, the indicator’s value now seems be lower than what was seen during the early 2021 rally (and also during the 2017 bull run). So this may imply that despite BTC declining in the past few days, the top may not be in yet. And the crypto could still have more room to grow. BTC Price At the time of writing, Bitcoin’s price floats around $59k, up 9% in the last seven days. Over the past thirty days, the coin has gained 5% in value. The below chart shows the trend in the price of BTC over the last five days. BTC’s price has dropped off in the last few days | Source: BTCUSD on TradingView Since Bitcoin made its new all-time high around $69k, the coin has been trending downwards. In the past few days, the crypto has mostly shown sideways movement. Related Reading |\u00a0Preview Of The Peak: November Rains Red For Bitcoin Holders There hasn’t been any sign of recovery yet, but if the MVRV ratio is anything to go by, BTC’s price may still have a while to go during this run. Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":476749,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,84723,1119,1144],"class_list":["post-476744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-mvrv","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nBitcoin MVRV Shows Top Isn't In Yet, BTC Still Has Room To Grow<\/title>\n<meta name=\"description\" content=\"The MVRV indicator shows that Bitcoin currently hasn't reached the top yet, and the crypto may still have room to grow. Bitcoin MVRV Ratio May Show The\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin MVRV Shows Top Isn't In Yet, BTC Still Has Room To Grow\" \/>\n<meta property=\"og:description\" content=\"The MVRV indicator shows that Bitcoin currently hasn't reached the top yet, and the crypto may still have room to grow. Bitcoin MVRV Ratio May Show The\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-18T19:00:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:00:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/11\/sandra-seitamaa-5GYZaiYsMsw-unsplash-scaled.jpg?fit=2560%2C1741\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1741\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Bitcoin MVRV Shows Top Isn’t In Yet, BTC Still Has Room To Grow\",\"datePublished\":\"2021-11-18T19:00:28+00:00\",\"dateModified\":\"2024-06-11T14:00:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/\"},\"wordCount\":443,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/11\/sandra-seitamaa-5GYZaiYsMsw-unsplash-scaled.jpg?fit=2560%2C1741\",\"keywords\":[\"bitcoin\",\"Bitcoin MVRV\",\"btc\",\"btcusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/\",\"name\":\"Bitcoin MVRV Shows Top Isn't In Yet, BTC Still Has Room To Grow\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/11\/sandra-seitamaa-5GYZaiYsMsw-unsplash-scaled.jpg?fit=2560%2C1741\",\"datePublished\":\"2021-11-18T19:00:28+00:00\",\"dateModified\":\"2024-06-11T14:00:27+00:00\",\"description\":\"The MVRV indicator shows that Bitcoin currently hasn't reached the top yet, and the crypto may still have room to grow. Bitcoin MVRV Ratio May Show The\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/11\/sandra-seitamaa-5GYZaiYsMsw-unsplash-scaled.jpg?fit=2560%2C1741\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/11\/sandra-seitamaa-5GYZaiYsMsw-unsplash-scaled.jpg?fit=2560%2C1741\",\"width\":2560,\"height\":1741,\"caption\":\"Bitcoin Bull\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin MVRV Shows Top Isn’t In Yet, BTC Still Has Room To Grow\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/uniquehot.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin MVRV Shows Top Isn't In Yet, BTC Still Has Room To Grow","description":"The MVRV indicator shows that Bitcoin currently hasn't reached the top yet, and the crypto may still have room to grow. Bitcoin MVRV Ratio May Show The","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin MVRV Shows Top Isn't In Yet, BTC Still Has Room To Grow","og_description":"The MVRV indicator shows that Bitcoin currently hasn't reached the top yet, and the crypto may still have room to grow. Bitcoin MVRV Ratio May Show The","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-11-18T19:00:28+00:00","article_modified_time":"2024-06-11T14:00:27+00:00","og_image":[{"width":2560,"height":1741,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/11\/sandra-seitamaa-5GYZaiYsMsw-unsplash-scaled.jpg?fit=2560%2C1741","type":"image\/jpeg"}],"author":"Keshav Verma","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Bitcoin MVRV Shows Top Isn’t In Yet, BTC Still Has Room To Grow","datePublished":"2021-11-18T19:00:28+00:00","dateModified":"2024-06-11T14:00:27+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/"},"wordCount":443,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/11\/sandra-seitamaa-5GYZaiYsMsw-unsplash-scaled.jpg?fit=2560%2C1741","keywords":["bitcoin","Bitcoin MVRV","btc","btcusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/","name":"Bitcoin MVRV Shows Top Isn't In Yet, BTC Still Has Room To Grow","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/11\/sandra-seitamaa-5GYZaiYsMsw-unsplash-scaled.jpg?fit=2560%2C1741","datePublished":"2021-11-18T19:00:28+00:00","dateModified":"2024-06-11T14:00:27+00:00","description":"The MVRV indicator shows that Bitcoin currently hasn't reached the top yet, and the crypto may still have room to grow. Bitcoin MVRV Ratio May Show The","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/11\/sandra-seitamaa-5GYZaiYsMsw-unsplash-scaled.jpg?fit=2560%2C1741","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/11\/sandra-seitamaa-5GYZaiYsMsw-unsplash-scaled.jpg?fit=2560%2C1741","width":2560,"height":1741,"caption":"Bitcoin Bull"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin MVRV Shows Top Isn’t In Yet, BTC Still Has Room To Grow"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/uniquehot.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin MVRV Shows Top Isn’t In Yet, BTC Still Has Room To Grow","url":"http:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/11\/sandra-seitamaa-5GYZaiYsMsw-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/11\/sandra-seitamaa-5GYZaiYsMsw-unsplash-scaled.jpg?fit=2560%2C1741"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin mvrv","btc","btcusd"],"dateCreated":"2021-11-18T19:00:28Z","datePublished":"2021-11-18T19:00:28Z","dateModified":"2024-06-11T14:00:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin MVRV Shows Top Isn’t In Yet, BTC Still Has Room To Grow\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-mvrv-shows-top-isnt-in-yet-btc-still-has-room-to-grow\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/sandra-seitamaa-5GYZaiYsMsw-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/sandra-seitamaa-5GYZaiYsMsw-unsplash-scaled.jpg?fit=2560%2C1741\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin mvrv\",\"btc\",\"btcusd\"],\"dateCreated\":\"2021-11-18T19:00:28Z\",\"datePublished\":\"2021-11-18T19:00:28Z\",\"dateModified\":\"2024-06-11T14:00:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/11\/sandra-seitamaa-5GYZaiYsMsw-unsplash-scaled.jpg?fit=2560%2C1741","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/476744"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=476744"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/476744\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/476749"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=476744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=476744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=476744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}