Bitcoin could be set for an extended correction in the coming weeks as an overvaluation metric sends a bearish signal. The cryptocurrency market might be experiencing a “macro reversal,” according to crypto analysts. Bitcoin’s Market Value to Realized Value (MVRV) ratio, an indicator that measures whether the asset is overvalued, recently printed a “death cross,” indicating waning momentum, according to CryptoQuant analyst Yonsei_dent. The “MVRV momentum is showing signs of exhaustion with a clear dead cross between the 30DMA and the 365DMA,” the analyst said in a QuickTake analysis on Sunday. The last time the ... (full story)