Could the MVRV Z-Score indicator, which has historically provided critical data regarding Bitcoin's price, have finally given the expected signal? CryptoQuant, a cryptocurrency analysis platform, stated that Bitcoin is approaching a critical level on its MVRV Z-Score indicator, but the current picture does not yet confirm the start of a new bull market. According to the analysis, the MVRV Z-Score is approaching its 365-day moving average, which has stood out as a significant regime change level in past market cycles.