Key points:
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Bitcoin’s weakening MVRV momentum may mark the beginning of the late bull cycle.
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On-site and chain transfers must be restored at BTC price before they can explode.
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The BTC Bulls must flip $110,000-$110,000 for new support.
Bitcoin’s 50% rally from below $74,000 in April, below $74,000, seems to be calming down, but traders believe BTC is still moving towards higher targets in 2025.
Several analysts explained what might happen in increasing the potential of Bitcoin in breaking into price discovery over the next few days or weeks.
Calm down before the storm? MVRV momentum slows down
this Israel – The escalation of the Iran war Seeing Bitcoin rebounding strongly, it took back the 50-day simple moving average (SMA) currently around $106,000. Meanwhile, the momentum displayed by the market value realization value (MVRV) ratio seems to be stagnating according to encrypted data.
Crypto analyst yonsei_dent explain The current MVRV downturn “does not mean it is imminent”. Instead, it may indicate that we are entering the late stage of the bull cycle.
The current MVRV slope at 2.22 is significantly lower than the overestimated zone (historically higher than 3.7), indicating more room for growth.
The collection of MVRV momentum shows investors holding it longer, thus reducing sales pressure. This, plus Strong ETF inflowwhich may trigger Bitcoin’s breakthrough beyond the current $112,000 peak, could reach a level above $165,000, predict By analysts.
Bitcoin’s OnChain transfers fell by 32%
As Bitcoin OnChain transfers and spot trading volumes decline, the market appears to be in a calm phase.
Related: Bitcoin ‘satoshi-era’ miner sold only 150 btc in all-time highs in 2025
Starting from its $76 billion peak in late May, the seven-day moving average of OnChain transfers fell by about 32% to $52 billion last weekend.
In addition, the current spot trading volume is approximately US$7.7 billion, which is much lower than the cyclical peak of the bull market. This difference further underscores the lack of speculative intensity.
In the latest week’s OnChain report, GlassNode explain “Unlike the ATH gatherings in Q2 and Q4 2024, the recent $111K has not been accompanied by an increase in spot volumes,” adding that it “reflects a decrease in investor engagement.”
The increase in spot volume reflecting growth in exchange trading activity will indicate stronger investor demand and market beliefs, which, as shown in past rally, broke through before the price surges.
“A real breakthrough to BTC requires more than just hype,” explain crypto market insight provider Alva, supplemented,
“High batch pushes above $107,500 are the first technical trigger to light up the fuse.”
GlassNode concluded that although Bitcoin’s overall “bull trend remains intact, a revival of demand, activity indicators and beliefs” will increase the odds of breakthroughs with new highs in the near term.
Bitcoin has to crack $110,000 resistor
BTC costs between $110,000 and $100,000, and support is found here, according to Cointelegraph Markets Pro and TradingView.
Bitcoin’s bullish case depends on its BTC price, shifting resistance to $108,000 to $110,000 support.
It’s “a huge effort to push the 108k-1110k level”,” explain Popular Bitcoin analyst AlphabTC posted on Thursday on X.
Analysts assert that Bitcoin’s next logical move will be a callback that will bring liquidity around the $105,000-$104,000 area to gain momentum to boost momentum.
“The break and four-hour closing price exceed $109K, with new all-time highs on the card.”
Analyst Rekt Capital Believed That Bitcoin Bull needs to take the “final large amount of weekly resistance” to a new all-time high of more than $108,000.
My Capital Founder Michael Van der Popp explain $109,000 is “we need to break through to make it have an upward momentum”, adding:
“The breakthrough is about to begin.”
As a Cointelegraph Reportthanks to a high liquidity cluster of up to $111,000, this $108,000-$110,00 became the target of traders.
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
