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When Will We Reach the Peak in Bitcoin? Analysts Answered, Listed Three Indicators That Will Indicate the Peak!

When Will We Reach the Peak in Bitcoin? Analysts Answered, Listed Three Indicators That Will Indicate the Peak!
According to 21 Shares analysts, Bitcoin has not yet reached its cycle peak and there is still room for the market to rise. They base their analysis on three on-chain indicators: MVRV ratio, unrealized net profit and loss, and long-term investor sell-off risk ratio. The MVRV ratio is currently between 2.5 and 3, indicating that a major cycle top has not yet been reached. The unrealized profit and loss indicator is currently between 0.5 and 0.75, with a ratio of 0.75 signaling the market has reached its peak. The long-term investor sell risk ratio is currently only 0.4%, significantly below the overheating threshold of 0.8%. This analysis suggests that Bitcoin still has potential for growth.

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