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BTC Still Undervalued, According to STH-MVRV

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The present low MVRV Z-Score suggests that BTC is still undervalued, with significantly more room to grow before reaching the next market top. This provides support for many analysts' prediction that bitcoin will stay above $8000 for the time being.

As of 16 January this year, STH-MVRV (7-day MA) has climbed and remained comfortably above 1. Historically, this has correlated with uptrends in the price of BTC, suggesting fundamental support for higher prices.
  
This metric suggests that BTC has room for more imminent growth.

@TradeCryptoNow
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