Is BTCUSD ready for a huge rally because of banking crunch

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This MVRV indicator shows Bitcoin has reached its most recent bottom. It also has broken through its 229,000 resistant point, which could drive Bitcoin further up. Another factor driving Bitcoin is the crumbling U.S. banking system, even though mainstream media will not report it. As a result, Bitcoin is at a critical point to be looked upon as a potential hedge against all the coming calamities in the Western markets.