Analyst: The 180-day MVRV Z-Score indicates that BTC is not yet extremely overbought, and it is expected to rise significantly
Odaily Planet Daily reports that currently, Bitcoin is nearing a crucial moment of breaking through its peak. If successful, analysts predict a large-scale rebound will occur, quickly setting new historical highs in succession. Investors are particularly optimistic because historically, the year after halving has brought the highest returns for BTC, making this stage critical for long-term growth.
CryptoQuant analyst Axel Adler points out that the BTC market is still in a growth phase, supported by the smooth MVRV Z score of the 180-day moving average line. This indicator is commonly used to assess market conditions and suggests that Bitcoin's price has not yet reached extreme overbought levels, leaving room for significant increases.
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.
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