Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s NVT Golden
Cross Points
to $93,000
as Stepping Stone,
Not the
Top
The Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Network Value to Transaction (NVT) golden cross suggests
that the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта’s recent surge past $93,000 might not mark the peak of
this cycle. BeInCrypto observed this after analyzing the current state of the
metric.
At press time, BTC trades at $90,893. Here is why this slight drawdown may not
last: instead, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price could rally well above its all-time high.
Data Shows that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Remains Undervalued
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Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s NVT golden cross is a metric that helps spot tops and buttons
during a cycle. When the NVT golden cross surpasses 2.2 points (red region),
it indicates a short-term trend of price overheating, potentially signaling a
local top.
Conversely, a drop below -1.6 points (green area) suggests the price is
cooling excessively, pointing to a possible local bottom. According to
CryptoQuant, the metric’s reading is -3.25 as of this writing, suggesting that
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price still has room to appreciate.
For instance, when the metric was -2.60 in January, BTC traded below $42,000.
About two months later, the coin went on to hit $73,000. Therefore,
considering historical data and the current position of the metric, it is
likely for BTC to climb toward $100,000 before the year closes. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin NVT
Golden Cross. Source: CryptoQuant
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This outlook also aligns with that of Crypto Kaleo, an analyst. According to
Kaleo, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s potential rise to $100,000 could bring back retail investors
and possibly push the price higher.
“I think Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin surprises everyone when it crosses $100K, sends straight past
it and doesn’t look back. It’s been such a mental milestone for so long that
it’ll bring retail FOMO back in full force when it happens,” the pseudonymous
analyst wrote on X.
Furthermore, Glassnode data shows that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is currently trading above the
realized price of Short-Term Holders (STH) and Long-Term Holders (LTH). The
realized price represents the supply-weighted average price that market
participants paid for their coins. It serves as an on-chain indicator of
potential support or resistance levels.
Typically, when the realized price is above BTC, the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта faces
resistance. Hence, the price might find it challenging to climb. However, as
seen above, the STH realized price is below BTC’s value at 69,793, indicating
that the price could continue to rise. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Realized Price. Source:
Glassnode
BTC Price Prediction: Could $104,000 Be Next?
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On the 3-day chart, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has formed a bullish flag. A bull flag is a
bullish chart pattern characterized by two rallies separated by a short
consolidation phase . The flagpole forms during a sharp upward price spike as
buyers overpower sellers.
This is followed by a retracement phase, during which price movement creates
parallel upper and lower trendlines, forming the flag shape. Considering the
current outlook, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price could rally toward $104,228 as long as buying
pressure increases. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin 3-Day Analysis. Source: TradingView
However, if the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin NVT golden cross hits an extremely high value, that
could mark a local top for BTC . In that case, the coin’s price could face a
notable correction.
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