Bitcoin MVRV Golden Cross In Sight – Next Leg Up Could Be Near
2025-06-29 15:29:32
Main Idea
Bitcoin is showing strong momentum with potential for a breakout as it consolidates above $105K, supported by bullish on-chain signals and market structure.
Key Points
1. Bitcoin is consolidating above $105K, with potential for a breakout into price discovery if it surpasses the $109K–$112K resistance zone.
2. A potential golden cross between Bitcoin’s MVRV Ratio and its 30-day SMA is seen as a bullish signal, historically preceding major upward trends.
3. Bitcoin is trading above key moving averages (50 SMA, 100 SMA, 200 SMA), indicating strength and growing demand above $105K.
4. A breakdown below $105K could invalidate the bullish setup, risking a drop to the $103,600 support level.
5. Market sentiment is positive as global risk appetite returns, with Bitcoin reclaiming short-term momentum.
Description
Bitcoin is showing strong bullish momentum despite ongoing market volatility, holding firmly above the $100,000 level as anticipation builds for a breakout into price discovery. After weeks of consolidation and multiple failed attempts to break all-time highs, BTC remains resilient, fueling speculation that a massive move could be just around the corner. The crypto market as a whole is closely watching Bitcoin’s next steps, as its direction will likely set the tone for altcoins and broader risk ...
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