The bull run will continue: Bitcoin (BTC) has not reached its peak yet!

Recently, #Bitcoin (BTC) reached a new ATH by exceeding $ 100,000. This development has increased speculation among many investors that $BTC has reached its peak in this cycle. Various indicators show that the bull run in Bitcoin is not over and that the rise will continue.

One of the most important metrics that show that the price of Bitcoin may rise again is the Market Value / Realized Value (MVRV) long/short difference. This metric has been used historically to understand whether Bitcoin is in a bull phase or in a bear market.

A positive MVRV ratio indicates that long-term investors have more unrealized profits than short-term investors. This situation usually signals a bullish signal for Bitcoin. A negative MVRV ratio, on the other hand, indicates that short-term investors have the advantage and usually indicates a bearish phase.

According to Santiment data, Bitcoin’s MVRV long/short spread currently stands at 27.25%. This ratio suggests that the current market cycle is still a bull market. However, it is still well below the 42.08% level it reached in March before consolidation and corrections. Historical data suggests that Bitcoin could break out of its current ATH and make new highs.

Another important indicator, the Realized #HODL Ratio (RHODL), is a popular metric used to analyze the bottoms and tops of the Bitcoin market. A high RHODL ratio usually indicates cycle tops or correction signals. A low RHODL ratio, on the other hand, indicates a strong long-term holding trend.

According to Glassnode data, Bitcoin’s RHODL ratio is currently above the green zone, meaning that Bitcoin is no longer at the bottom. At the same time, the ratio is below the red zone, indicating that Bitcoin has not yet reached its cycle top. If this trend continues, Bitcoin’s price is expected to break out of its current #ATH level of $103,900 and reach higher levels.