Odaily Planet Daily News Cryptoquant analyst Crypto Dan wrote that the cryptocurrency market is still in a bull market, and the price of Bitcoin has not yet reached its peak, predicting that it can rise further. In the past bull market, the MVRV peaks were 4.83 and 3.97, respectively, and currently only reached 2.78, which has not yet entered the overvalued area, and is expected to rise further. After entering the overheating stage in March 2024, Bitcoin has experienced more than two months of sideways and adjustment, and is likely to rise further in early June.