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bitcoin

Bitcoin Nears Golden Cross As MVRV Ratio Builds Momentum – Is A Breakout Coming?

Ash Tiwari
by Ash Tiwari
1 month ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to a CryptoQuant Quicktake post by contributor Yonsei_dent, Bitcoin’s (BTC) recent rally has reignited momentum in the Market Value to Realized Value (MVRV) ratio – a historically bullish indicator that has often preceded major price surges.

Bitcoin Rally Gives Momentum To MVRV Ratio

After forming a potential local bottom at $74,508 on April 6, BTC has surged over 15%, now trading in the mid-$90,000 range. Following this bullish price action, several analysts suggest that BTC could be gearing up for a new all-time high (ATH) soon.

Related Reading: Bitcoin SOTT Indicator Flashes Green – Is A New ATH Imminent? Analyst Weighs In

In their analysis, Yonsei_dent notes that as BTC hovers near $94,000, the MVRV ratio (orange line) has rebounded sharply to 2.12 – approaching the critical 365-day moving average (MA) of 2.15. This level indicates that BTC investors are currently sitting on an average unrealized gain of 112%, a historically strong positioning level during bullish cycles.

chart 1
BTC may be on the path to form a golden cross based on MVRV ratio | Source: CryptoQuant

The analyst further explains that if the 30-day MA (red line) decisively crosses above the 365-day MA (blue line), it could signal a “golden cross” – a well-known bullish formation. 

As shown in the green box on the chart, this same setup preceded major rallies in earlier cycles. For instance, the last golden cross in November 2024 was followed by a substantial BTC rally, during which it broke multiple all-time highs (ATHs).

However, Yonsei_dent cautions against excessive optimism. The analyst emphasizes the importance of continuing to monitor the MVRV trend to “confirm the strength and sustainability of the move.”

BTC Heading To New ATH As ETF Interest Returns

In a separate X post, crypto analyst Ali Martinez pointed out that Bitcoin exchange-traded funds (ETFs) are once again attracting significant inflows. According to his data, BTC ETFs have seen nearly 6,900 BTC in inflows so far this week.

etf
Source: ali_charts on X

Martinez highlighted $97,530 as the next key resistance level BTC must surpass before attempting a new ATH. For context, Bitcoin’s current all-time high stands at $108,786, achieved on January 20, 2025.

Related Reading: Bitcoin Could Surge To Record High Amid Fed Independence Concerns: Standard Chartered

Meanwhile, crypto analyst Titan of Crypto noted that BTC has bounced off the orange line of the Golden Ratio Multiplier in the chart below. The next target, marked by the blue line, could propel the leading digital currency to $125,000.

titan
Source: Titan of Crypto on X

Other analysts forecast even more ambitious targets, with one such prediction stating that BTC can reach $450,000 by Q4 2025, if it follows gold’s recent price momentum. At press time, BTC trades at $93,922, down 1% in the past 24 hours.

bitcoin
BTC trades at $93,922 on the daily chart | Source: BTCUSDT on TradingView.com
Featured Image from Unsplash.com, charts from CryptoQuant, X, and TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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