📈 Analysis and Prediction (BTC and FET):

😀 #BTC/USDT - The "Realized Price and Profit/Loss Margin of Short-Term Holders" indicator tracks the average price at which coins held by investors holding #BTC for less than 155 days last moved. According to its readings, this cohort currently has a 70% unrealized profit — the highest in the last three years. Forecast: Based on the MVRV Pricing Bands indicator, a price correction could push Bitcoin towards testing the 2.4 MVRV level, which is currently near $61,700. The MVRV Pricing Bands indicator is a graphical representation that displays the MVRV ratio over time, delineating various market sentiment levels. It allows assessing how the current price relates to historical realization prices and signals potential market reversals. However, one significant bullish factor may nullify the alarming signals. Increased investor interest in recently launched spot Bitcoin ETFs has led to these financial instruments accumulating assets at unprecedented rates. In just 2 months, ETF issuers have acquired 433,843.58 BTC worth around $31.67 billion. If ETFs continue to accumulate Bitcoin reserves and its price stabilizes above $74,000, the leading cryptocurrency may continue to rise and test the 3.2 MVRV level at $85,000. #HotTrends

🤧 #FET/USDT - Forecast: Fetch.ai price nearly dropped to $2.37 but bounced back to $2.80, indicating bulls still have strength. The altcoin remains above the 50-day exponential moving average, which is also a positive signal, allowing #FET not to fall below the $2.46 support level. However, the Parabolic SAR indicator suggests a downward trend. Although black dots are present above the candle, they are not yet intense. If the correction prolongs and whales pause accumulation, Fetch.ai price may lose support and head towards $2.26 and even lower.

✨ If you found this overview informative, please share it with others!