A related MVRV indicator hit overheated levels last seen before bitcoin's late-2024 push to $100,000. Bitcoin closed above its upper Bollinger Band for the second time since mid-January, signaling strong upward momentum after a period of unusually tight volatility. John Bollinger said one of his investment fund’s proprietary models has turned positive on bitcoin and taken a position following the indicator’s bullish signal. Traders are watching whether bitcoin can sustain its break above t…
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