Crypto

Bitcoin Surge ‘Still Ongoing’ – These Indicators Point to Further Gains

Bitcoin’s Future: Insights and Projections from Crypto Experts

Understanding the Potential of Bitcoin’s Rally

As the value of Bitcoin (BTC) recently dipped below $110,000, discussions are intensifying around whether the leading cryptocurrency has reached its peak for this cycle. Nonetheless, a number of seasoned crypto analysts maintain a bullish outlook, suggesting that the rally may still have significant room for growth.

Analysts Assert Bitcoin’s Rally Is Just Beginning

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In an insightful post on social media platform X, renowned crypto analyst Master of Crypto elaborated on Bitcoin’s relationship with the global M2 money supply. The analyst emphasized that Bitcoin often mirrors trends in global money circulation, suggesting the current upward trajectory is “far from over.”

According to their analysis, global money supply trends typically precede Bitcoin price movements by approximately 10 weeks. Should this pattern persist, Bitcoin could potentially climb to a remarkable $184,000 by July 2025.

Further insights from Master of Crypto on X highlighted Bitcoin’s Network Value to Transaction (NVT) Ratio, often referred to as Bitcoin’s “P/E ratio.” This ratio has historically indicated market peaks when it experiences a significant spike. They noted:
“Each cycle, a spike signifies a peak. In 2018, NVT spiked, leading to a BTC drop. The same occurred in 2022. By 2025, it’s building up… but we’re not there yet. There’s still potential for growth. However, when NVT signals red, it’s wise to take profits.”

For those unfamiliar, the NVT Ratio compares Bitcoin’s market capitalization to the dollar value of on-chain transactions. A high NVT can indicate overvaluation, while a low NVT suggests robust network activity and potential undervaluation.

Similarly, crypto trader Merlijn The Trader showcased a BTC daily chart revealing the emergence of a Golden Cross. This bullish indicator occurs when the 50-day moving average surpasses the 200-day moving average, historically leading to substantial gains of 162% and 73%.

Projected Trajectories for Bitcoin’s Price

Analyzing BTC’s recent behavior, analyst Jelle observed that Bitcoin is adhering to the Power of Three pattern. If it manages to evade significant corrections, BTC might soar to $140,000 in the near future.

In contrast, crypto analyst Titan of Crypto presented a more cautious outlook, predicting BTC could achieve a target of $113,000 as it breaks through a bullish pennant formation.

Likewise, experienced market analyst Ted Pillows forecasted Bitcoin might reach $120,000 as it progresses through the final stages of the Wyckoff Accumulation pattern. On-chain expert Burak Kesmeci set his sights on a target of $159,000.

From a long-term perspective, ARK Invest’s Cathie Wood boldly projected Bitcoin could climb to $1.5 million by 2030. As of the latest update, BTC is trading at $109,616, reflecting a 1.1% decrease over the past 24 hours.

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Emma Horvath

After graduating Communication and Media Studies MA in Eötvös Loránd University, Emma started to realize that her childhood dream as a creative news reporter committed to find dynamic journalism stories. I'm a passionate journalist with a keen interest in the fast-evolving world of cryptocurrencies. I've been reporting on the latest developments in the crypto industry for several years now, covering breaking news and providing insights on how the market is trending. I'm adept at analyzing daily market movements, researching ICOs, and keeping track of the latest innovations in blockchain technology. My expertise in the space makes her a trusted voice in the crypto community. Whether it's the latest Bitcoin price movements or the launch of a new DeFi platform, I am always at the forefront, bringing her readers the most up-to-date and informative news.

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