Bitcoin Daily MVRV Z Score

The MVRV Z-Score evaluates whether BTC is overvalued or undervalued relative to its "fair value". Instead of using a traditional z-score method, the MVRV Z-Score uniquely compares the market value to the realized value.

The MVRV ( yellow ) has shown strength by bouncing off the 1 fib line twice But as yet, the Z Score ( green) has to break over and not continue to be rejected off the same line.

As you can see from this chart, We can begin to get excited when the Z Score breaks over 1 and then begins to catch up witht he MVRV line.

In a TOP of a Bull run, the Z score actualy over takes the MVRV and leads the way.

We are Just waiting for that to start..It is WHEN and not IF