Bitcoin’s Next Stop $183K? On-Chain Data Points to Explosive Cycle Peak

Bitcoin’s Uptrend Intact, MVRV Model Hints at $183K Peak by 2

Bitcoin’s recent slide from its all-time high has sparked a flurry of analysis, with on-chain data offering crucial insights into the market’s next move. The MVRV (Market Value to Realized Value) Price Bands, a long-standing metric, suggests that Bitcoin’s uptrend remains intact, but with room for both growth and volatility. Currently, Bitcoin is trading well above the model’s floor price of… Source

Bitcoin’s Next Stop $183K? On-Chain Data Points to Explosive Cycle Peak - Coin Surges

Bitcoin remains under pressure after sliding from its all-time high above $124,000 earlier this month. At the time of writing, the asset trades at $110,219, reflecting a weekly decline of about 2% and a broader drop of more than 10% from its peak. Despite the correction, analysts continue to examine on-chain data for signs of the market’s next direction. Among the latest insights, CryptoQuant contributor CryptoOnchain highlighted the significanc…

Bitcoin’s Next Stop $183K? On-Chain Data Points to Explosive Cycle Peak

Bitcoin remains under pressure after sliding from its all-time high above $124,000 earlier this month. At the time of writing, the asset trades at $110,219, reflecting a weekly decline of about 2% and a broader drop of more than 10% from its peak. Despite the correction, analysts continue to examine on-chain data for signs of the market’s next direction. Among the latest insights, CryptoQuant contributor CryptoOnchain highlighted the significanc…