$BTC Digital gold enthusiasts

The May boom in the cryptocurrency market also brings many bold predictions. Adrian Zduńczyk, known under the pseudonym Crypto Birb and followed by over 650,000 people on the X social media platform, recently stated that bitcoin would have to reach at least $210,000 to send at least a mild warning signal to investors. The analyst is guided by the MVRV Z-Score indicator, which is the ratio of the market capitalization of the "coin" to the realized capitalization. In his opinion, the MVRV Z-Score helps assess whether the price is above or below the so-called "fair value".