According to Current Data, Bitcoin Sets Its Eyes on a New Peak!

A critical data specific to Bitcoin (BTC) points to a possible upward scenario.

The analyst of on-chain analysis platform CryptoQuant predicted a new peak for Bitcoin. Analysts using MRVR data stated that this data is currently at 2.3.

In previous peaks, this data reached up to 3.5-4 levels. In the current situation, it was stated that Bitcoin could break the $73,600 band and start exploring higher levels.

Bitcoin's recent price movements have left investors wondering whether it is heading towards a new peak or whether current levels are still suitable for buying.

One of the most reliable indicators that can be used to determine where the market top is and the best time to exit is the MVRV (Market Value to Realized Value) ratio.

According to analysts, even if the price falls, this can be considered a buying opportunity. Exit strategies should be activated when the MVRV value approaches 3.