Bitcoin price movements have always been a discussion between investors and analysts. With the last market recovers, many people wonder whether Bitcoin has already reached its climax in this bull cycle. This article examines data and standards on the series to assess the position of the Bitcoin market and possible future movements.
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Bitcoin’s current market performance
Bitcoin recently faced 10 % reduction in its highest level ever, which led to concerns about the end of the bull market. However, historical trends indicate that such corrections are normal in the bull cycle. Bitcoin usually faces from 20 % to 40 % several times before reaching the peak of the final cycle.
Analysis of measures on the chain
MVRV Z-SCORE
the MVRV Z-SCORE,, Which measures the market value to the achieved value, currently indicates that Bitcoin still has great potential in the upward trend. Historically, the Bitcoin cycle peaks occur when this scale enters the feverish red area, and this is not currently the case.
SOPR profit ratio (SOPR)
This scale reveals the percentage of outputs consumed in the profit. Recently, and Sopran It showed the low profits achieved, indicating that less investors sell their property, enhancing market stability.
The value days (VDD) has been destroyed
VDD It indicates long -term sale of sale. The scale showed a decrease in the sale of pressure, indicating that Bitcoin settles at high levels instead of heading to a long direction.
Institutional and market feelings
- Founding investors such as Microstrategy continues the accumulation of bitcoin, indicating confidence in its long -term value.
- The morale of the derivative market has turned into negative, which historically indicates a potential bottom in the short term as excessive traders in Bitcoin betting may be filtered.
Overage economics factors
- Quantitative tightening: Central banks reduce liquidity, which contributes to a decrease in the price of temporary bitcoin.
- World M2 Money Supply: The contraction has affected the width of the money on the origins of risk, including bitcoin.
- Federal Reserve Policy: There are indications of major financial institutions, including JP Morgan, that quantitative mitigation can be returned by mid -2015, which may probably enhance the value of Bitcoin.
Related: Is $ 200,000 targeted by bitcoin realistic for this course?
Future expectations
- Bitcoin price shows signs of entry to a standardization stage before another possible gathering.
- The data on the series indicates that there is still an important room for growth before reaching the chapters of the course that were seen in the previous bull markets.
- If Bitcoin faces more decline in a range of $ 92,000, this may offer a strong accumulation of long -term investors.
conclusion
While Bitcoin has witnessed a temporary tradition, standards indicate the series and historical data that the bull cycle has not yet ended. The institutional interest is still strong, and the conditions of the macroeconomic economy can turn in favor of bitcoin. As always, investors must carefully analyze data and consider long -term directions before making any investment decisions.
If you are interested in more in -depth analysis and data in the actual time, think about verification Bitcoin Pro magazine For valuable visions in the Bitcoin market.
Liability: This article is intended for media purposes only and should not be considered financial advice. Always perform your research before making any investment decisions.
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