Bitcoin (BTC) Correction Pattern Resurfaces: Is the Rally Ending?

Bitcoin has once again raised a cautionary alert to traders as its 30-day market value to realized value ratio (MVRV) has gone above 11.50%. This movement has in the past coincided with the beginning of a short-lived correction phase for the cryptocurrency, suggesting that the market is volatile. However, at press time, Bitcoin’s ($BTC) trend was still positive, with the bulls’ skyrocketing price to $49,000.