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Several on-chain indicators can help predict Bitcoin's short-term price movements:
MVRV (Market Value to Realized Value): Helps identify overbought or oversold conditions, indicating potential price corrections.
NVT (Network Value to Transactions): Measures Bitcoin’s market cap relative to transaction volume, helping assess whether Bitcoin is undervalued or overvalued.
Hash Rate: A rising hash rate often signals increased miner confidence, which could correlate with price increases.
Active Addresses: A surge in active addresses indicates higher network activity, which could precede price movements.
Exchange Inflows/Outflows: Monitoring the volume of Bitcoin entering and leaving exchanges can indicate buying or selling pressure.
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