Bitcoin’s current position near the +1.5σ MVRV band, combined with strong whale accumulation, reduced miner pressure, and sustained outflows from exchanges, signals a structurally bullish setup.
The rise in NVT Golden Cross suggests network fundamentals are keeping pace with price. However, its proximity to overvaluation bands calls for measured optimism.
If accumulation continues and no major sell-offs emerge, Bitcoin could breach the $127K mark in this cycle before facing strong resistance.
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