Watch NVT Tool for $150,000 BTC Price, Analysis Says
The post Watch NVT Tool for $150,000 BTC Price, Analysis Says appeared on BitcoinEthereumNews.com.
Key points: Bitcoin enjoys another golden cross, this time from the NVT indicator. Previous crosses have all preceded major periods of BTC price upside. Price targets include new all-time highs within a matter of weeks. Bitcoin (BTC) remains in a “healthy uptrend” with new all-time highs expected within weeks. The latest research from onchain analytics platform CryptoQuant says that BTC price action has room for “expansion” at $117,000. Bitcoin awaits gains from new NVT golden cross Bitcoin is still far from overheated, according to a classic leading indicator that predicts local BTC price tops and bottoms. The network value to transaction golden cross (NVT-GC) tool, which compares market cap to the value of onchain transactions within a given time frame, currently sits in “neutral” territory. Negative NVT-GC values, especially those under -1.6 on its scale, typically precede periods of price upside. Once the metric passes 2.2, a bearish reversal becomes more likely. The most recent long signal came in July, when NVT-GC reached -2.8. It then rebounded to 0.3. “This indicates neither extreme overvaluation nor undervaluation, but rather a healthy uptrend,” CryptoQuant contributor Pelin Ay summarized in one of its Quicktake blog posts this week. “Short Term: With the metric not elevated, Bitcoin is not yet in bubble territory. There is still room for price expansion.” Bitcoin NVT-GC. Source: CryptoQuant NVT-GC has an impressive recent track record. Its previous four dips into the “long” zone all resulted in BTC price gains, including in August 2024. BTC price due “potential push” to all-time high The metric adds to the telltale signs that the Bitcoin bull market is not yet over. Related: Bitcoin repeats May breakout move as analysis expects $118K showdown As Cointelegraph reported, July also sparked a “buy” signal on moving average convergence/divergence (MACD), while analysis argued that it was…
Filed under: News - @ September 19, 2025 8:29 pm