The post Bitcoin’s Next Move: What Are Indicators Suggesting appeared on BitcoinEthereumNews.com.

Bitcoin The price of Bitcoin (BTC) has experienced a slight pullback during the last day, dropping by almost 1%. Despite this modest dip, market indicators suggest that the leading cryptocurrency may be on the verge of a major rally. While Bitcoin shows clear signs of market exhaustion, several key metrics are aligning to point toward a potential upward move. Traders Selling at a Loss: A Key Bullish Signal Another positive sign comes from the adjusted spent output profit ratio (aSOPR), which recently dipped below 1, currently sitting at 0.99. This reading indicates that traders are selling their Bitcoin holdings at a loss. While this might seem bearish at first glance, historically, this behavior has led to upward price pressure. When traders sell at a loss, it often results in the accumulation of Bitcoin at discounted prices, which can force the market to turn bullish once demand begins to rise. This “discount” buying phase often precedes a rally, as buyers start to enter the market to capitalize on the lower prices, leading to an increase in Bitcoin’s price as demand rises and supply decreases. MVRV Momentum: Key Indicator for a Bullish Reversal A crucial indicator for traders to monitor is the Bitcoin Market Value to Realized Value (MVRV) momentum (70-day). The MVRV indicator helps determine the prime buying opportunities by comparing Bitcoin’s market value to its realized value. Historically, when the MVRV crosses above its 70-day moving average, a major price run typically follows. This could signal the beginning of a new upward trend, where Bitcoin makes higher highs. If the MVRV momentum indicator crosses above the 70-day moving average, this could serve as the trigger for Bitcoin to start making a series of higher highs, further driving the bullish momentum. As traders remain cautious, the key indicators — the sell-side…

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Filed under: News - @ March 30, 2025 8:22 pm