🔴 Bitcoin MVRV Is Flashing a Familiar Cycle Signal: Is the Next Major Move Already Forming? The Logarithmic MVRV structure is approaching a historically important zone. Since 2013, major $BTC cycle tops have repeatedly formed when MVRV pushed into the upper descending resistance bands, while cycle bottoms consistently found support around the long term green accumulation zone. What stands out now is the compression in the MVRV cycle structure. The secondary and primary cycle top markers have continued to trend lower over time, while the cycle bottom band has gradually risen. This creates a narrowing long term channel, suggesting that the extreme valuation conditions seen in previous cycles are becoming increasingly difficult to reproduce. The current MVRV position remains well below the historical primary top resistance, despite $BTC trading near elevated price levels. If the historical structure continues to hold, the chart suggests the market may still have room to expand before reaching the kind of valuation extremes that marked previous cycle peaks. The real signal is the distance between the current MVRV level and the descending top bands. A decisive expansion toward those resistance zones could mark the transition into a late cycle valuation phase, while a rejection and move toward the rising green support would indicate that the broader cycle structure is still resetting. History does not repeat perfectly, but this logarithmic structure is getting extremely interesting. The next major MVRV expansion could determine whether Bitcoin is entering another euphoric phase or heading toward a deeper cycle reset. #BTC Price Analysis# #Macro Insights#