Assure DeFi CEO: Key indicators show Bitcoin has not peaked yet and will be bullish in the coming year
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According to the analysis of Assure DeFi CEO Chapo, Bitcoin’s market value and realized value (MVRV) indicators show that Bitcoin still has room for growth during this cycle. Chapo expects Bitcoin’s MVRV to reach 3.2 in 2025, suggesting that Bitcoin will usher in another bull market in 2025. Bitcoin MVRV reached this level in April 2021, when Bitcoin priced at $58,253. Currently, Bitcoin MVRV is 1.95 and the price is $84,416.