Bitcoin (BTC) said goodbye to the $100,000 mark in early February 2025. Since then, digital currencies have even come close to that price. At the time of writing, its market value is approximately $80,000. Does that mean we are facing the end of a bullish cycle?
There are opinions divided by analysts. On March 17th, Ki Young Ju, CEO of Cryptoquant Analysis Company, declared the declaration in his X account “The Bitcoin Alsista Cycle is over.” And that’s not all. He added that falls for six to 12 months or a price of laterality is expected.
Meanwhile, the personalities of Strategy’s president Michael Saylor are optimistic. The businessman said BTC would reach $180,000 before the major revision. Meanwhile, the strategy is still buying bitcoin. To date, it has exceeded 500,000 BTC.
It is clear that there is a lack of confidence in the views, uncertainty and markets discovered. But what will the indicators of possible actions of Bitcoin say in the near future?
Look at Bitcoin indicators
One indicator that has an alarm illuminated among investors is MVRV ratio (Market value versus value carried out). What exactly? This is a useful tool to measure the relationship between Bitcoin’s market capitalization and its value. So you can know if cryptocurrencies are undervalued or overvalued.
The metric revealed a worrying pattern at the beginning of March, according to cryptographic analysis. The 30-day mobile average, known as the “Cross of Death,” fell below the 365-day mobile average, an event that shows bearish pressure.
Does this mean we are facing the imminent end of the upward cycle? That’s not necessarily the case. The above Cryptoquant analysis claims that There are no clear indications yet as to what direction Bitcoin will take.
In fact, the Bitcoin Alpha analysis report published on the Bitvavo Cryptocurrency Exchange blog points out.Price drops over the last few months still fit the typical of normal revisions in bull markets.“And add it.”Prices are not below 50 weeks average. This has historically been a key divide in the bullish and bassist market.”.
It is true that bear markets start with corrections, Not all modifications mark the beginning of a bear cycle. So, Bitcoin has undergone a major revision in recent weeks, but there is not enough evidence to declare that the market is in a bearish cycle.
Bull or bassist cycle protects your investment with Bitcoin
Volatility is a unique part of the cryptocurrency market. All successful traders must learn to deal with float, regardless of their conditions.
And the best ally of traders to surf the changing oceans of Bitcoin and cryptocurrency in good exchanges. To help you make smart choices, Kaiko Analytics Company published its first quarter global exchange rankings for the 2025 quarter a few days ago.
Coinbase and Binan are at the top, followed by Kraken. That’s what’s interesting New replacements have reached the top 10specifically located in position 9. This is Bitvavo, one of Spain and other Europe’s leading cryptocurrency exchange platforms.
Bitvavo arrives at the rescue of European traders
Why is Bitvavo with industry giants like Coinbase and Binance? One factor is your safety. The exchange has undergone booking tests conducted by an independent accounting company. User digital assets have 1:1 support In other words, Bitvavo is the ability to cover customer assets when necessary.
All registered users can quickly and easily view their funds. Similarly, the exchange has a guarantee fund of $100,000 per client in the case of hacking.
Based in Amsterdam, the Netherlands, Bitvavo is subject to the fifth anti-Bankeo directive and the European Union’s RGPD. Apart from that, He is permitted to operate by the Bank of Spain Legal in the country of Iberia. In the event of inconvenience, the exchange must be addressed to the government authorities.
Most of that assets are stored offline. Its server meets the highest 4+ security category requirements in the Netherlands. The company regularly performs external adoption tests and code audits.
In addition to high safety standards, Bitvavo offers multiple benefits to its customers. For older users living and registering in the European Union, the exchange will give you a welcoming bonus of 10 euros. If you would like more details about this promotion, please visit our website.
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(tagstotranslate)Bitcoin (BTC)
