Bitcoin Price Alert!!!
As I mentioned in my previous post, Bitcoin corrected a bit and then started a bullish trend again, this rally may continue until December 22-23, according to historical data, the crypto market is in a real bullish trend, CryptoChan, an on-chain analyst, noticed that the MVRV (market cap to realized value) metric for short-term Bitcoin holders has risen to a key area, very similar to the metrics before the bull market started in late 2020. This metric has been proven many times in history to be an important leading signal in the early stages of a bull market.
So now we will soon see BTC at 120-130k after holding above 100k. Now the crypto market is attracting buyers, now crypto users have reached 18 million which is an all-time high, BTC capital has reached $2.14 trillion which makes the crypto stronger, now MicroStrategy Business Intelligence Firm whales and corporate bitcoin holder have purchased an additional 15,350 BTC for about $1.5 billion at an average price of $100,386 per bitcoin between December 9 and December 15.
