Concerns are rising in the Bitcoin market

- Momentum indicators are quite useful for measuring the strength and direction of market trends.

- The MVRV indicator reveals whether the market is overvalued or undervalued, while the Active Address indicator reflects investor activity on the BTC network.

- When moving averages are applied to both indicators, a death cross, which was also observed during the downtrend of the 2021 cycle, emerged.

- This has raised concerns about whether Bitcoin can make a new rise under these adverse conditions.