Bitcoin (BTC) is currently priced at around $94,000 after a recent rise above $108,000. 📈 While traders are taking profits, analysts believe that the cryptocurrency has the potential for growth.

According to Glassnode, numerous metrics indicate that BTC has not yet reached its peak. MVRV and other indicators show that the market is not overheated. Some indicators suggest that BTC could reach $230,000. 💡

Experts believe that Bitcoin is only halfway through the current bull cycle.