CandleFocus Bitcoin Bull Pennant Confirms $158K by 2025: A Closer Look at the Trend
2024-12-16
Author: Content Editor
Bitcoin recently reached $103,647, hitting a new all-time high, and analysts believe that the target of $158,000 for 2025 is still likely. Key on-chain indicators, such as the MVRV Z-Score and Puell Multiple, suggest that there is further potential for growth before the current market cycle ends. The MVRV Z-Score currently sits at 3.2, indicating that Bitcoin is not yet overbought, and the Puell Multiple is expected to surpass 2.20 again, indicating continued bullish momentum. These indicators, along with strong price action, support the belief that Bitcoin can achieve the $158,000 target by 2025.
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