CandleFocus Analyst Predicts Bitcoin Bull Run: MVRV Metric Hints At $95K To $120K Target
2024-11-05
Author: Content Editor
The Bitcoin price has garnered attention from analysts and investors as it approaches the upcoming US election. Analyst CoinLupin has analyzed Bitcoin's Market Value to Realized Value (MVRV) ratio, which currently stands at around 2. The MVRV ratio reflects Bitcoin's market value compared to its on-chain realized value, and an upward trend suggests further growth potential. If the Realized Value remains constant, a price increase of 43% to 77% would be needed for Bitcoin to reach an MVRV level between 3 and 3.6, indicating a potential price target range of $95,000 to $120,000. Despite a recent price dip, Bitcoin's daily trading volume has increased.
Related News
Bitcoin Staking Surges: Over 15% of Wrapped BTC Now Locked in Yield Options Zanzibar launches blockchain sandbox for startups Analyst Explains How Shiba Inu Can Surge 10x Binance Futures Adds POPCATUSDT, MEWUSDT Perpetual Contracts VeChain News: Q2 and Q3 2024 Financial Report Highlights VeBetter DAO and Treasury Health Institutions Pour Millions Into Solana as US Election Voting Begins Crypto Billionaire Mike Novogratz Unveils Bitcoin Post-Election Prediction, Says BTC Can Go ‘A Lot Higher Fast’ Curve DAO Seeks to Allocate crvUSD Fees Meme coins surge amid market correction ahead of US election Aave’s Path to $290: Key On-Chain Metrics to Monitor Colorado Resident Loses $6,000 in Bitcoin to Phone Scammer Shiba Inu Lead Announces New Proposal Directed at Forthcoming US President Meet the pro-crypto contenders who could replace SEC chief Gary Gensler Ethereum Devcon Attendee Robbed at Knifepoint in Thailand Solana (SOL) Hints at Bearish Shift: Is Drop on The Horizon? Is it Time for Ethereum Price to Bounce Again? XRP eyes 10% rally amid relisting across crypto exchanges and growing institutional demand Here’s why Bitcoin, Solana, Popcat, and Mantra prices are diving Latam Insights Encore: Brazil's Stablecoin Remittance Tax Is Doomed From the Start XRP’s History of Explosive Growth: Will a Risk-On Shift Spark the Next Surge? OpenAI in talks with regulators to become a for-profit company: Report Over $2.6 Billion worth of locked tokens set for release in November Will U.S Elections Day Spark Sui Price Breakout to $8? Dogecoin Rallies, Bitcoin ETFs Bleed Ahead of U.S. Elections Bitcoin price needs 2 months to return 'above macro trend' — Forecast XRP Price Prediction for US Election Polling Day Nov 5 What’s New in DePin? Peaq’s Token Launch Date, GAIB and io.net Outreach, Roam Telecom Layer Bitcoin Traders Wary of Price Drop in U.S. Election Week, CME Options Show Skeptical Traders Keep SUI Price From Reclaiming $2 Support Binance, CZ’s Lawyers File Motion to Dismiss Amended Complaint in SEC Lawsuit ‘Calm before the storm’ — Bitcoin volatility stalls ahead of US election $3M Bitcoin Forecast: Vaneck's Model Sees Central Bank BTC Adoption 5 High-Yield Phygital NFT Categories Redefining Physical Asset Ownership in 2024 Tron Network Triumph: October Transaction Volume Surges by 8.15% Marathon, Riot record highest monthly BTC production since April halving Bitcoin Holds Strong Above Resistance: Is a New All-Time High Within Reach? These 2 Exchanges Lead in Bitcoin Reserve Growth Since FTX’s 2022 Collapse Bitcoin Long-Term Holders Offload Over 177k BTC: Is A Price Surge Or Correction Next? Gemini Exchange Rolls Out Global Crypto Ads Ahead of US Election Donald Trump Leads Kamala Harris on Polymarket & Kalshi GCR Suggests He Gamed Donald Trump Polymarket Odds, Whale Dumps $3 Million in Bets Tron Network Triumph: October Transaction Volume Surges by 8.15% Litecoin’s Defining Moment: What On-Chain Data Says About LTC’s Path Ahead XRP Price Gears Up: Is a Major Move on the Horizon? XRP 7-Year Chart Reveals Unbroken Support, Bearish or Bullish Signal? BTC Drops Under $68K as Mt.Gox Sends $2.2B Bitcoin to Two Wallets Ethereum Price Grinds Lower: Will Support Kick In Soon? Bitcoin and Ethereum Decline as Altcoin Volatility Grows Bitcoin Price Decline Worsens: Could It Be Setting Up for Major Reversal? Bitcoin ETFs Surpass 1 Million BTC Holdings In Less Than A Year Since Launch – Details Inside Semler Scientific ‘laser-focused’ on buying Bitcoin, says CEO Citi and Fidelity Test Digital Currency Trading for Money Market Funds at Singapore Fintech Festival Microsoft risks shareholder lawsuit if it ignores Bitcoin and prices rise — NCPPR Mt. Gox moves $2.2 billion worth of bitcoin to unmarked wallets: Arkham Coinbase Secures Major Win In FOIA Case Against US FDIC Marathon, Riot record highest monthly BTC production since April halving Where Prediction Markets Draw the Line on a Trump or Harris Election Win 5 Altcoins That Could Skyrocket If Trump Wins the Election Curve Finance, TON drive DeFi evolution with partnerships How Donald Trump shook the crypto market heading into the 2024 US presidential election These crypto ETFs are 'call options' on the US elections US markets, Bitcoin poised for rally regardless of elections outcome Laika AI and Orbofi Collaborate to Offer Cutting-Edge AI Tools for Web3 Users Analyst Predicts Bitcoin Bull Run: MVRV Metric Hints At $95K To $120K Target Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos and Robinhood partner to introduce Global Dollar Network Japan's SBI Expands Singapore's Tokenization Project with New Pilots Binance Listing Drives Solana Meme Coin PONKE Up 12%, but Gains Fade Quickly Manta Network Collaborates with Aethir to Provide Effective GPU Access for Apps Analyst Issues Altcoin Warning, Says Black Swan Event Could Trigger ‘Very Last Shakeout’ Solana’s Monthly Active Addresses Skyrocket to 138 Million as SOL Ecosystem Grows Toncoin (TON) Endures 10% Loss but May Avoid Deeper Trouble Kaia Integrates with Dune for Blockchain Data Transparency and Growth MANTRA partners with Libre Capital to facilitate tokenized money market funds Here's When XRP Downtrend Can End, Tron (TRX) Shows 36% Rally Everyone Is Missing, Solana (SOL) Price Drops by 11%, But Bullish Signal Is Here Crypto's Defining Moments in the Lead Up to the US Election TON Blockchain Update: Two Critical Fixes Fuel Toncoin’s $20 Ambition Market Trends Lift Aptos (APT) Price Up, Yet Decline Might Follow New Global Dollar Stablecoin Backed by Robinhood, Kraken, Paxos and Other Crypto Heavies Bitcoin Open Interest Dropped Significantly – Investors Cautions Amid US Election Week? Whale sheds $4M in Trump win-related bets on Polymarket amid elections uncertainty PONKE Price Skyrockets 19% On Binance Support, What's Next? Cardano community defends Charles Hoskinson amid online criticism