Bitcoin enters the preferred zone for upward movement

Bitcoin (BTC) prices have been maintained above USD 80,000 in over three months, at a minimum of US$73,000 in total, after falling at the beginning of the week. This move shows the strength of trends changing amid the market changes.

According to an analysis shared by CryptoQuant, he played an analyst known as Crypto Dan. The cryptocurrency market is at its overall stage After a strong correction. That is, the supply pressure on demand has reached a level where a reversal could occur.

The proportion of Bitcoin obtained within a month, which increased in March and December 2024, reached 23% and 24.5%, respectively, distinguishing reports showing a similar pattern. In both cases, this behavior preceded the Bitcoin price adjustment, which resulted in a lower MVRV ratio as it is now.

The MVRV ratio measures the relationship between Bitcoin’s market capitalization and capitalization carried out. This allows you to determine whether an asset is overvalued or undervalued compared to the average purchase price.

This metric is currently 1.8, close to the 2024 minimum correction of 1.71, as shown below.

“If Bitcoin is classified into the US$70,000 range, the MVRV ratio could reach a level similar to the bottom of the 2024 revision,” says Crypto Dan. But he estimates that Just as prices rebound, they don’t necessarily fall to such value.

The market sense has weakened, The altcoins erased most of their profits, Leave most investors in this cycle without benefits.

“This suggests that even without a significant additional fall, the market is already brightened enough and is a favourable zone for possible upward movement,” he says.

Bitcoin is in the final stages of the Archisa cycle

For the analyst, The Bitcoin market is at the end of the upward cycleincreasing both the risk and difficulty of the investment. However, he believes that it will also increase the chances of rebound as it sits in its overall state.

“In spite of the current stagnation, Bitcoin and most cryptocurrencies are on the overall level, suggesting that the rebound is not far away,” analysts emphasize.

In this context, we recommend closely monitoring the power and magnitude of price fluctuations, chain movements, and chain data changes, as well as the correlation between stock market trends and the global economy.

As reported by Cryptootics, Whale, an investor with more bitcoin, has returned to shopping trendsthis reflects a bullish signal. Furthermore, Cryptocurrency Market is no longer in a state of extreme fear, according to an emotional probe that reinforces optimism.

This emotion improvement can be seen in the following alternative charts: This shows that levels between 45 and 25 indicate the fear of the cryptocurrency market, but minors in “extreme” states differ from the highest level of 55, which reflects greed. Source: Alternative.

In any case, according to CNN thermometers, US behavior, assets that are usually correlated with Bitcoin, continue at extreme fear levels. This sentiment has been driven by the fear of recession and inflation created by new fees for US imports.

So, as reported by Cryptootics, this could continue to affect cryptocurrency demand. But the president Donald Trump yesterday declared that the action would make the US financially stronger than ever and that the market would film..

Bitcoin, meanwhile, quotes USD 81,000. That is, on the day of US President Donald Trump’s assumption, it’s 25% less than the previous maximum of US$109,300, which reached almost two months ago.