The Bitcoin Market (BTC) faces a new chapter in uncertainty. Technical indicators downplay alarms among investors. Investors will observe how the world’s best digital currency can continue to lose the ground after a continuous fix.
Recent analysis Focus on the behavior of MVRV ratiosan important tool that suggests that the downward risk does not disappear from the horizon yet.
MVRV ratio (market value versus value created) Measure the relationship between Bitcoin’s market capitalization and its valueprovides clues as to whether cryptocurrencies are overvalued or undervalued.
The metric shows a worrying pattern, according to a cryptographic analysis conducted by expert Yonsei Dent. At the beginning of March, the 30-day mobile average (30 DMA) fell below the 365-day mobile average (365 DMA), an event known as the “Cross of Death.”
This movement It shows a weakening of short-term impulses and bear pressure.
The MVRV chart, which includes 30-day mobile socks (red), 365 days (blue), and 4,000 days (grey), reflects the new behavior.
In the previous cycle, This intersection was before prices fell after the local peakwhich reinforces the idea that Bitcoin follows a similar pattern of corrections than in the past.
With MVRV approaching the long-term historic mobile average, The market appears to have left over a heated zone.
However, Yonsei Dent warns that there is no clear indication that the funds were available, so investors must be aware of the possibility of more set-offs.
It’s a correction, but it’s not a bear market
On the other hand, not all analysts are looking at the panorama with the same tone of attention. Also, ShayanBtc, from Cryptoquant, brings a more balanced perspective.
As seen in the graphics, Bitcoin Currently, it is below the price created in a long-term fork cohort of 3-6 months ($88,000) outperforms the price of a cohort for 6-12 months ($62,000).
This data is important to modify, but There is not enough evidence to confirm that the market has entered the bear stage.
ShayanBtc shows that bear markets usually start when prices start below the average acquisition of holders between 6 and 12 months, indicating the possibility of generalized losses and distribution.
For now, BTC will move to the corrective area between these important levels. It’s about $82,0000 on the current day, but continues to be over $88,000 I was able to mark the beginning of a new bullish trendthe lack of new demand could prolong the setback.
Long-term expectations for Bitcoin
Despite current volatility, medium-term and long-term forecasts maintain an air of optimism. As reported by Criptonoticias, analysts such as the Iván Paz chain estimate that Bitcoin could reach $140,000 in 2025, while Bernstein raises a commitment to $200,000.
Strategy president Michael Saylor predicts a $180,000 roof before major modifications.
These numbers They reflect the confidence that Bitcoin’s bullish cycle has not concludedAlthough the road to these levels promises to be injured.
Bitcoin, often referred to as “digital gold” due to its limited offer of 21 million units and the independence of the central government and banks, continues to acquire supporters as valuable reserves. but, Massive adoption as a shelter means time, maturity and market reliability.
(tagstotranslate)Bitcoin (BTC)
