On-chain signal reappears! Bitcoin bull top prediction points directly to $21w +, bull market pace is approaching
CryptoChan2024/12/09 10:07
By:CryptoChan
CryptoChan's latest Median MVRV Data Analysis has once again attracted market attention. By fitting the bull top and bear bottom function of the median profit rate on the Bitcoin chain, the current oscillator score is 46.8, which is in the "skepticism" range.
Based on this score, the future peak price of Bitcoin is expected to reach $210,000 +. This prediction is based on the characteristics of Median MVRV: compared to traditional MVRV indicators, it can better reflect the actual profit situation of the market and avoid the interference of extreme values. Therefore, at the peak of the bull market, Median MVRV usually exceeds the average profit rate.
CryptoChan pointed out that in the process of Bitcoin price gradually oscillating upwards, the increase in on-chain turnover rate may cause MVRV to oscillate sideways, delaying the reflection of the market's strong performance. This also means that $21w + is not the final peak of the bull market, but a mid-term goal within the bull market cycle. Over time, the predicted value of the bull market may further increase.
Faced with this chain signal, market sentiment seems to still be in the "skeptical" stage, but history has proven that this is often a prelude to opportunities. The bull market is approaching, are you ready to welcome the next high point?
2
3
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Can ai16z Sustain Its 35% Rally Amid Market Volatility
CryptoNewsNet•2025/01/10 14:55
Bitcoin: the price of BTC is in a Limbo
CryptoNewsNet•2025/01/10 14:55
Solana meme coin ai16z price rebounds: is this a dead cat bounce?
CryptoNewsNet•2025/01/10 14:55
SUI Price Surge amid Market Downturn - What's Next?
CryptoNewsNet•2025/01/10 14:55
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$94,785.66
+1.92%
Ethereum
ETH
$3,286.49
+0.73%
Tether USDt
USDT
$1.0000
+0.01%
XRP
XRP
$2.33
+0.71%
BNB
BNB
$697.58
+1.25%
Solana
SOL
$189.9
+0.61%
Dogecoin
DOGE
$0.3336
+3.13%
USDC
USDC
$1.0000
-0.00%
Cardano
ADA
$0.9393
+2.15%
TRON
TRX
$0.2433
+0.33%
Bitget pre-market
Buy or sell coins before they are listed, including CATGOLD, VERT, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now