Odaily Planet Daily News CryptoQuant researcher Axel Adler focused on two key indicators in a report recently released: Bubble vs. Crush market structure and MVRV Z-score as a signal that Bitcoin's current price trend is moving in a healthy direction. Adler added: "We can see that the current bull market cycle is developing quite steadily, without obvious anomalies or large jumps." He emphasized that the first indicator has dropped to 1.02 points, which he believes is "the baseline", indicating that Bitcoin is not currently experiencing a bubble. When the "growth rate" of Bitcoin's market value exceeds its realized capitalization, a bubble forms in the market. When Bitcoin reached its all-time high of $73,679, the indicator showed the presence of a bubble, with a score of about 1.5. It also pointed out that Bitcoin's 30-day moving average (DMA) MVRV Z-Score is 1.8, slightly higher than Bitcoin's annual average of 1.6, indicating that "valuation is minimally overvalued." (Cointelegraph)