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Bitcoin's MVRV ratio signals potential new bull market as price nears $90K.

Technical Signals
23 Sep 2026
Finbold
View Source
Bullish
Bitcoin's MVRV ratio signals potential new bull market as price nears $90K.

Bitcoin's Market Value to Realized Value (MVRV) ratio has crossed above its 365-day moving average, a signal that preceded the last two major bull markets in 2019 and 2023. This momentum indicator suggests a shift toward bullish sentiment as Bitcoin trades around $85,873, up over 50% since July lows. Increased activity from large investors and strong inflows into U.S. spot Bitcoin ETFs support this positive trend. Technical analysis shows Bitcoin breaking key resistance levels and maintaining strength, though short-term overbought signals hint at possible consolidation ahead.

Bitcoin is currently priced at Rp1.526.342.792 on Pluang, showing a 1-day decline of 1.26%. Trading activity remains balanced with 54% of orders to buy and 46% to sell as of Sep 23, 2026 17:02 WIB.

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