Bitcoin (BTC) is predicted to reach $100,000 in the coming weeks as demand grows and stablecoin liquidity keeps rising, according to market analytics platform CryptoQuant. One metric to consider is the Market Value to Realized Value (MVRV) ratio, which is still outside the overvalued territory despite BTC’s 30% rally since the U.S.
presidential election. Miners are also beginning to sell, contributing to the overall market trend.
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<p>The post New Report: Bitcoin Could Smash $100,000 Soon! first appeared on CoinBuzzFeed.</p>
