Bitcoin is approaching the Golden Cross as the MVV ratio increases the momentum – is it coming?
Co -worker Yonsii_Dent cryptocurrency Quicktake Post is Bitcoin (BTC) recent Rally Rally Rated Market Value Realized Relationship (MVRV) Relationship (MVRV) riseTo.
Bitcoin rally gives momentum to the MVV relationship
After the formation of a potential local bottom on April 6 to $ 74,508, BTC has risen by more than 15%, now trading in the $ 90,000. After that Bullish pricing, several analysts claim that the BTC could soon be preparing for the new all -time cutting -edge (ATH).
Yonsii_dent notes in their analysis that since the BTC floats near $ 94,000, the MVV ratio (orange line) has reached a sharp crossing of 2.12-day sliding average (MA) 2.15. This level shows that BTC investors are currently sitting with an average unrealized profit of 112%, which is historically strong during positioning the Bullish cycles.
The analyst also explains that if a 30-day MA (red line) is decisively exceeding the 365-day MA (blue line), it may indicate the “golden cross”-well-known bullish formation.
As shown in the green box of the chart, it was preceded by the same setting in previous cycles for large rallies. For example, the latter followed the Golden Cross in November 2024 a significant BTC rally, during which it broke all time at the cutting edge (ATHS).
However, Yonsii_dent warns against excessive optimism. The analyst emphasizes the importance of monitoring the trend to confirm the strength and sustainability of the gear.
BTC is heading to the new ATH as an ETF's interest back
In a separate X-post, cryptocurrency analyst Ali Martinez pointed out that funds (ETF) traded on Bitcoin change again attract significant inflows. According to his data, the BTC ETF has so far had nearly 6,900 BTCs in the inflow this week.
Martinez brought out $ 97,530 as the next key level BTC must exceed before test New ATH. For the context, Bitcoin's current highest peak of all time is $ 108,786, reached on January 20, 2025.
At the same time, Crypto analyst Titan Crypto noted that the BTC had bounced from the orange line in the diagram below. The next target denoted by a blue line can be directed to $ 125,000 in the leading digital currency.
Other analysts predict even more ambitious targets with one such prediction notification This BTC can reach up to $ 450,000 in the third quarter of 2025 if it follows Gold's recent increase in prices. During the press, BTC trades at $ 93,922, which is 1%in the last 24 hours.
Highlighted Picture from Usplash.com, Cryptoquanti, X and TradingView.com
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