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Bitcoin’s weakening momentum of the MVRV could signal the beginning of the late phase of the bull cycle.
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The volume of transfer and onchain transmission must be restored to BTC Price to break out.
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BTC Bulls must turn $ 108,000-110,000 to new support.
It seems that 50% of the Bitcoins assembly to $ 112,000 from the April minimum under $ 74,000 will cool down, but traders believe that BTC remains on the way to a higher goal in 2025.
Several analysts explain what to happen to increase the potential of bitcoins to penetrate the discovery of prices in the coming days or weeks.
Calm before the storm? Momentum Mvrv slows down
The De-Estriate of the War of Israel and Iran He saw the bitcoins strongly and regenerated a 50 -day simple gliding average (SMA) that is currently sitting around $ 106,000. Meanwhile, according to the cryptoquant data, the momentum displayed by the ratio of the market value of the realized value (MVRV) appears.
Cryptoquant Yonsei_dent said The fact that the current fall of the mvrv “does not mean that the descending descent is.” Instead, it could indicate that we are entering the late phase of the bull cycle.
The current slope of MVRV to 2.22 is significantly below the overvalued zone (historically over 3.7), suggesting that there is still more space for growth.
Collection in the momentum of MVRV would indicate that investors have longer and reduce sales pressure. This is associated with ETF’s strong tidecould trigger Bitcoin’s escape around his current peak of $ 112,000, potentially reaching levels above $ 165,000 as predicted analysts.
Bitcoin transfer volume decreases by 32%
The market seems to be in the cooling phase, because the volume of onchain bitcoins and the volume of trading with a point decreases.
The seven -day gliding average onchain volume for transfer dropped by approximately 32% to $ 52 billion from the top of $ 76 billion at the end of May.
Moreover, the current volume of spot trading is about $ 7.7 billion in this bull market. This divergence also emphasizes the lack of speculative intensity.
In its last weekly report onchain, Glassnode said “Unlike the Assembly of ATH in Q2 and Q4 2024, the recent pressure on $ 111,000 was not accompanied by an increase in the volume of the spot,” he adds that “it reflects reduced investors’ involvement”.
Increasing the volume of spot reflecting increased trading on stock exchanges would indicate stronger investors’ demand and market beliefs, as shown in previous gatherings, where the volume of volume preceded the prices.
“A real escape for BTC needs more than just hype,” said ALVA market crypto provider, adding,
“A high volume over $ 107,500 is the first technical trigger to ignite the fuse.”
Glassnode concluded that while the general bitcoins “Bull Trend remain intact, the revival of demand, metrics of activity and belief” would soon increase the chance to escape to the new maximum.
Bitcoin needs to break resistance of $ 110,000
The price of BTC oscillates between $ 110,000 and $ 100,000, where she found support for data from COINTELEGRAPH Markets for and Tradingview.
Bitcoin’s bull case depends on its BTC price, which turns the resistance between $ 108,000 and $ 110.00 to support.
“Will try to push through the level 108k-110k”, ” said Popular Bitcoin Analyst Alphabtc on Thursday at X.
The analyst claimed that the next logical step for bitcoins would be a pullback that would take over the liquidity around the 105 000-104 000 USD zone to gain momentum.
“Breaks and four -hour closures over $ 109,000 and the new historical maximum is on the cards.”
Colleague analyst Rect Capital resistant That bitcoin bulls needed to remove the “final main weekly resistance” over $ 108,000 to achieve new historical maximum.
My founder of capital Michael van de Poppe said that $ 109,000 was “an area we need to break to have ascending dynamics” added:
“The escape is about to kick.”
As cutelegraph reported$ 108,000-110.00 has become a target for traders thanks to clusters with high liquidity up to $ 111,000.
This article does not contain investment counseling or recommendations. Every investment and business step includes a risk and readers should do their own research in decision -making.
