The MVRV Z-Score shows that Bitcoin has not yet peaked. As we approach the end of January, the cryptocurrency continues to have the potential to move higher. AI and meme coins could play a major role in 2025.
Bitcoin (BTC) rose rapidly to $97,440 as the US markets opened at the time of writing. The cryptocurrency market is experiencing increased activity again. While many cryptocurrencies gained over 5 percent, Bitcoin gained 3 percent on a daily basis. Investors who expected a decline may be surprised to not encounter the negative they expected.
Indicators monitored during the Bitcoin peak process indicate that the cycle peak has not yet been reached. Popular cryptocurrency analyst Jelle suggested that we look at the MVRV-Z indicator to confirm this situation. According to the data shared by the analyst, it is stated that Bitcoin has the potential to rise further. "The MVRV Z-Score has historically been an excellent tool to show that the market has reached its peak. As of now, Bitcoin is showing that the $96,497.2 level is not overvalued. We can continue to go higher."
Negentropic believes the decline at the time of writing may be over, adding: “As Bitcoin remains stable at $94K-$95K, profit-taking is slowing down, making the area less attractive to investors. New liquidity and participants entering the market are crucial for upward momentum. Market reopening and portfolio changes are expected to accelerate ahead of Trump’s inauguration.”
Featured Cryptocurrencies in 2025
Over the past year, many cryptocurrency categories have outperformed the overall market. Bitcoin is currently trading at $97,100, suggesting that a similar period to the 2021 rally could be in the works. Investors are increasingly hopeful about the future, especially as Trump approaches his re-inauguration.
The data above highlights the categories that have performed better in previous years and in 2024. A similar situation is expected to continue in 2025. “The beginning of 2025 is following the themes of 2024. AI and meme coins are leading the way, followed by other sectors. As always, there will be rotations in many sectors this year. However, it is very important to recognize strong sectors, especially when actively trading.”