Ready for a New Bitcoin Surge ?
Bitcoin could be preparing to enter a new phase of strong growth if a key technical indicator confirms in the coming days. Analysts are closely watching a potential “Golden Cross” that could mark the beginning of new bullish momentum for the crypto king.
According to renowned on-chain analyst Ali, Bitcoin’s Market Value to Realized Value (MVRV) ratio is about to cross its 30-day simple moving average (SMA). This type of technical configuration, called a “Golden Cross,” is generally considered a buy signal in both traditional and crypto markets.
What is the MVRV Ratio and Why is it Crucial for Bitcoin ?
The MVRV ratio compares Bitcoin’s market value (Market Cap) to its realized value, which is the average price at which holders acquired their tokens. A high ratio suggests potential overvaluation, while a low ratio indicates possible undervaluation.
A bullish crossover of the MVRV would signify that the majority of Bitcoin investors have returned to profitability, which could encourage a favorable psychological dynamic for sustained new growth.
While the appearance of such a powerful technical signal is promising, crypto markets remain unpredictable in the short term. To confirm this bullish momentum, analysts will monitor :
- A significant increase in trading volumes
- A breakthrough of key resistance levels
- A concurrent recovery in on-chain indicators (active addresses, hash rate, etc.)
Additionally, two CME gaps have formed at $107,100 and approximately $106,200. While nothing is certain, these gaps are almost always filled, which means Bitcoin could fall back to these levels in the coming days or later.
Caution therefore remains essential, even for the most experienced investors.
A Breakout to $150,000 ?
Currently, Bitcoin is trading around $107,500, marked by a slowdown in profit-taking and decreased on-chain activity. This consolidation phase is typical after a rapid rise, with the market “digesting” gains before a potential return to volatility.
As trader DrProfit indicates, Bitcoin has followed a cyclical pattern since 2023, with a major push of 30 to 50% in a few weeks followed by consolidation over several months. “This time is no different,” he writes on X.
Until profitability and activity indicators rise again, a new bullish wave seems unlikely in the very short term. But the materialization of a Golden Cross could change the situation in the coming days. And a breakout from its consolidation could take BTC beyond $150,000 in the coming months.
