The Bitcoin NVT golden cross signals that recent price heights above $93,000 may not be the cycle peak, with potential for a further rise. At $90,893, Bitcoin might continue to rally.
Historically, the NVT metric has proven to mark potential highs and lows, suggesting Bitcoin's undervaluation with a reading of -3.25, indicating room for growth. Analyst predictions align, with expectations for price to surge past $100,000.
Glassnode data shows Bitcoin's current trade above the realized price for both Short-Term and Long-Term Holders, indicating possible further rise as the price remains below certain levels.
A bull flag in Bitcoin's 3-day chart suggests a possible rally toward $104,228, contingent on increasing buying pressure. However, very high NVT cross values may signal local tops and possible corrections.
